8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): April 19, 2012

(Exact Name of Registrant as Specified in Its Charter)

OHIO

(State or Other Jurisdiction of Incorporation)

001-33653	31-0854434
(Commission File Number)	(IRS Employer Identification No.)

Fifth Third Center 38 Fountain Square Plaza, Cincinnati, Ohio	45263
(Address of Principal Executive Offices)	(Zip Code)

(800) 972-3030

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On April 19, 2012, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the first quarter of 2012. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.3, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 7.01 Regulation FD Disclosure

On April 19, 2012, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the first quarter of 2012. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.3, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

For the benefit of its investors, Fifth Third Bancorp is furnishing information regarding its earnings conference call. A copy of this item is attached as Exhibit 99.2. The information in this Form 8-K and Exhibit attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 – Press release dated April 19, 2012

Exhibit 99.2 – First Quarter Earnings Conference Call

Exhibit 99.3 – Quarterly Financial Supplement

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FIFTH THIRD BANCORP (Registrant)
April 19, 2012	/s/ Daniel T. Poston
	Daniel T. Poston Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

News Release

CONTACTS:	Jim Eglseder (Investors)	FOR IMMEDIATE RELEASE
	(513) 534-8424	April 19, 2012
	Laura Wehby (Investors)
	(513) 534-7407
	Debra DeCourcy, APR (Media)
	(513) 534-4153

FIFTH THIRD BANCORP ANNOUNCES FIRST QUARTER 2012 NET INCOME TO COMMON SHAREHOLDERS OF $421 MILLION OR $0.45 PER SHARE

• 1Q12 net income available to common shareholders of $421 million, or $0.45 per diluted common share, vs. $305 million, or $0.33 per share, in 4Q11 and $88 million, or $0.10 per share in 1Q11

• Included benefit of $115 million pre-tax (approximately $75 million or $0.08 per share after-tax), from gains associated with Vantiv, Inc’s. initial public offering (IPO), as well as the previously disclosed $36 million estimated pre-tax charge (approximately $23 million after-tax, or $0.02 per share), from Vantiv debt termination-related charges recorded in equity method earnings

• Also included benefit of $46 million pre-tax (approximately $30 million after-tax, or $0.03 per share), from gains on the higher valuation of the warrant Fifth Third holds in Vantiv

• 1Q12 return on assets (ROA) of 1.49%; ROA 1.20% excluding above items

• 1Q12 return on average common equity of 13.1%; return on average tangible common equity* of 16.2%

• Pre-provision net revenue (PPNR)* of $694 million, or $569 million excluding above items

• Net interest income (FTE) of $903 million, down 2% sequentially; net interest margin 3.61%; average portfolio loans up 2% sequentially driven by 5% growth in C&I loans

• Noninterest income of $769 million compared with $550 million in prior quarter; increase largely driven by Vantiv IPO and warrant gains and lower charges related to the Visa total return swap. Other drivers included higher mortgage banking, corporate banking, and investment advisory revenue

• Noninterest expense of $973 million, down 2% sequentially; benefit from certain outstanding disputes for non-income tax related assessments, largely offset by seasonally higher employee benefits expense, additions to litigation reserves, debt termination charges, and severance expense

• Credit trends remain favorable

• 1Q12 net charge-offs of $220 million (1.08% of loans and leases) vs. 4Q11 NCOs of $239 million and 1Q11 NCOs of $367 million; lowest NCO level since 4Q07; 1Q12 provision expense of $91 million compared with 4Q11 provision of $55 million and 1Q11 provision of $168 million

• Loan loss allowance declined $129 million sequentially reflecting continued improvement in credit trends; allowance to loan ratio of 2.59%, 127% of nonperforming assets, 157% of nonperforming loans and leases, and 2.4 times 1Q12 annualized net charge-offs

• Total nonperforming assets (NPAs) of $1.8 billion including loans held-for-sale (HFS) declined $164 million or 8% sequentially; NPAs excluding loans HFS of $1.7 billion declined $143 million or 8%; lowest levels since 1Q08

• NPA ratio of 2.03% down 20 bps from 4Q11, NPL ratio of 1.64% down 12 bps from 4Q11; gross NPL inflows of $352 million down 11% sequentially

• Total delinquencies (includes loans 30-89 days past due and over 90 days past due) down 11% sequentially, lowest levels since 3Q05

• No direct European sovereign exposure; total exposure to European peripheral borrowers less than $0.2 billion; total exposure to European banks less than $0.1 billion**

• Strong capital ratios; exceed fully phased-in Basel III proposed standards

• Tier 1 common ratio 9.64%*, up 29 bps sequentially (pro forma*** ~10.0% on a fully-phased in Basel III-adjusted basis, estimated among highest of large cap U.S. banks)

• Tier 1 capital ratio 12.19%, Total capital ratio 16.06%, Leverage ratio 11.31%

• Tangible common equity ratio* of 9.02% excluding unrealized gains/losses; 9.37% including them

• Book value per share of $14.30; tangible book value per share* of $11.64 up 3% from 4Q11 and 15% from 1Q11

* Non-GAAP measure; See Reg. G reconciliation on page 32

** “European” includes non-Eurozone countries; “European peripheral” includes Greece, Ireland, Italy, Portugal, Spain

*** Current estimate (non-GAAP), subject to final rule-making and clarification by U.S. banking regulators; currently assumes unrealized securities gains are included in common equity for purposes of this calculation

Fifth Third Bancorp (Nasdaq: FITB) today reported first quarter 2012 net income of $430 million, compared with net income of $314 million in the fourth quarter of 2011 and net income of $265 million in the first quarter of 2011. After preferred dividends, first quarter 2012 net income available to common shareholders was $421 million or $0.45 per diluted share, compared with fourth quarter net income of $305 million or $0.33 per diluted share, and net income of $88 million or $0.10 per diluted share in the first quarter of 2011.

As previously announced, first quarter 2012 results included $115 million in pre-tax gains on the initial public offering of Vantiv, Inc., as well as the estimated $36 million of charges recorded in equity method earnings in other noninterest income related to Vantiv’s bank debt refinancing and debt termination charges. First quarter 2012 results also included $46 million in positive valuation adjustments on the Vantiv warrant and put option. In total, these items generated first quarter earnings of $125 million pre-tax, or approximately $81 million after-tax (approximately $0.09 per diluted share).

Additionally, first quarter results included the impact of $23 million in income from an agreement reached on certain outstanding disputes for non-income tax related assessments and a $19 million charge related to the increase in fair value of the liability related to a change in value of the total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares, as well as investment securities gains of $9 million, additions to litigation reserves of $13 million, debt termination charges of $9 million, and severance expense of $6 million.

Fourth quarter 2011 results included $10 million in positive valuation adjustments on the Vantiv warrant and put option, a $54 million charge related to the Visa total return swap, additions to litigation reserves of $19 million, and $5 million of investment securities gains. First quarter 2011 results included $2 million in negative valuation adjustments on the Vantiv warrant and put option, a $9 million charge related to the Visa total return swap, and $8 million in investment securities gains.

Earnings Highlights

	For the Three Months Ended															% Change
	March 2012			December 2011			September 2011			June 2011			March 2011			Seq			Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp	$	430		$	314		$	381		$	337		$	265			37	%		62	%
Net income available to common shareholders	$	421		$	305		$	373		$	328		$	88			38	%		377	%
Common Share Data
Earnings per share, basic		0.46			0.33			0.41			0.36			0.10			39	%		360	%
Earnings per share, diluted		0.45			0.33			0.40			0.35			0.10			36	%		350	%
Cash dividends per common share		0.08			0.08			0.08			0.06			0.06			—			33	%
Financial Ratios
Return on average assets		1.49	%		1.08	%		1.34	%		1.22	%		0.97	%		38	%		54	%
Return on average common equity		13.1			9.5			11.9			11.0			3.1			38	%		323	%
Return on average tangible common equity		16.2			11.9			14.9			14.0			4.2			36	%		286	%
Tier I capital		12.19			11.91			11.96			11.93			12.20			2	%		—
Tier I common equity		9.64			9.35			9.33			9.20			8.99			3	%		7	%
Net interest margin (a)		3.61			3.67			3.65			3.62			3.71			(2	%)		(3	%)
Efficiency (a)		58.3			67.5			60.4			59.1			62.5			(14	%)		(7	%)
Common shares outstanding (in thousands)		920,056			919,804			919,779			919,818			918,728			—			—
Average common shares outstanding (in thousands):
Basic		915,226			914,997			914,947			914,601			880,830			—			4	%
Diluted		957,416			956,349			955,490			955,478			894,841			—			7	%

(a) Presented on a fully taxable equivalent basis

The percentages in all of the tables in this earning release are calculated on actual dollar amounts not the rounded dollar amounts.

2

“It was a strong earnings quarter for Fifth Third and we’re pleased with our results,” said Kevin Kabat, President and CEO of Fifth Third Bancorp. “That was the case with or without the earnings benefit from Vantiv. We continue to see solid growth in commercial lending volumes and fee income results were particularly strong in the mortgage banking, corporate banking, and investment advisory businesses.

“The successful Vantiv IPO marks a new stage of development for this business. When we initially sold an interest in Vantiv in mid-2009, we anticipated that this moment would arrive. Since that time, through a lot of hard work, this business was established as an independent entity and it reported revenue of $1.6 billion for the year ended 2011. Fifth Third continues to hold a 39% economic interest in the firm, whose stock was valued at $4.2 billion at the end of the first quarter. As previously announced, we intend to repurchase common shares in the amount of the after-tax IPO gains of approximately $75 million.

“Additionally, a couple of weeks ago we announced the sale of various Fifth Third retail stock and bond and money market funds. While these operations are small relative to Fifth Third as a whole, the transactions will allow us to better focus on our client advisory and distribution capabilities.

“It was a good start to 2012. We feel good about our momentum and positioning in this environment, and will continue to execute our strategic plans to make this a great year for the company.”

Income Statement Highlights

	For the Three Months Ended										% Change
	March 2012		December 2011		September 2011		June 2011		March 2011		Seq			Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	903	$	920	$	902	$	869	$	884		(2	%)		2	%
Provision for loan and lease losses		91		55		87		113		168		64	%		(46	%)
Total noninterest income		769		550		665		656		584		40	%		32	%
Total noninterest expense		973		993		946		901		918		(2	%)		6	%
Income before income taxes (taxable equivalent)		608		422		534		511		382		44	%		59	%
Taxable equivalent adjustment		5		4		4		5		5		25	%		—
Applicable income taxes		173		104		149		169		112		66	%		54	%
Net income		430		314		381		337		265		37	%		62	%
Less: Net income attributable to noncontrolling interest		—		—		—		—		—		—			—
Net income attributable to Bancorp		430		314		381		337		265		37	%		62	%
Dividends on preferred stock		9		9		8		9		177		—			(95	%)
Net income available to common shareholders		421		305		373		328		88		38	%		377	%
Earnings per share, diluted	$	0.45	$	0.33	$	0.40	$	0.35	$	0.10		36	%		351	%

3

Net Interest Income

	For the Three Months Ended															% Change
	March 2012			December 2011			September 2011			June 2011			March 2011			Seq			Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,045		$	1,061		$	1,059		$	1,050		$	1,065			(2	%)		(2	%)
Total interest expense		142			141			157			181			181			1	%		(22	%)
Net interest income (taxable equivalent)	$	903		$	920		$	902		$	869		$	884			(2	%)		2	%
Average Yield
Yield on interest-earning assets (taxable equivalent)		4.18	%		4.23	%		4.28	%		4.37	%		4.47	%		(1	%)		(6	%)
Yield on interest-bearing liabilities		0.79	%		0.79	%		0.86	%		1.00	%		1.02	%		—			(23	%)
Net interest rate spread (taxable equivalent)		3.39	%		3.44	%		3.42	%		3.37	%		3.45	%		(1	%)		(2	%)
Net interest margin (taxable equivalent)		3.61	%		3.67	%		3.65	%		3.62	%		3.71	%		(2	%)		(3	%)
Average Balances ($ in millions)
Loans and leases, including held for sale	$	83,757		$	82,278		$	80,013		$	79,153		$	79,379			2	%		6	%
Total securities and other short-term investments		16,735			17,243			18,142			17,192			17,290			(3	%)		(3	%)
Total interest-earning assets		100,492			99,521			98,155			96,345			96,669			1	%		4	%
Total interest-bearing liabilities		72,219			71,467			72,473			72,503			72,372			1	%		—
Bancorp shareholders’ equity		13,366			13,147			12,841			12,365			13,052			2	%		3	%

Net interest income of $903 million on a fully taxable equivalent basis declined $17 million from the fourth quarter of 2011, with a $16 million decrease in interest income and $1 million increase in interest expense. The decline in interest income was primarily attributable to lower yields on loans given the current interest rate environment partially offset by balance growth in C&I, commercial lease, residential mortgage, and auto loans. Additionally, interest income declined as a result of lower reinvestment rates on securities and higher securities premium amortization expense due to increased prepayments. Interest expense results benefitted from the run-off in consumer CDs and their replacement into lower yielding products. This benefit was offset by the impact of hedge ineffectiveness, which increased $5 million in the quarter. Day count also reduced net interest income by $6 million sequentially.

The net interest margin was 3.61 percent, a decrease of 6 bps from 3.67 percent in the previous quarter. The decrease was primarily due to lower loan yields which reduced the margin by 7 bps, lower securities yields reducing margin by 2 bps, and hedge ineffectiveness which reduced the margin by 2 bps. Deposit mix shift and day count each contributed 2 bps to the margin.

Compared with the first quarter of 2011, net interest income increased $19 million, driven by higher average loan balances, run-off in higher-priced CDs, mix shift to lower cost deposit products, and day count, offset by lower asset yields. The net interest margin decreased 10 bps from a year ago.

Securities

Average securities and other short-term investments were $16.7 billion in the first quarter of 2012 compared with $17.2 billion in the previous quarter and $17.3 billion in the first quarter of 2011. The decline was related to lower short-term investment balances reflecting lower cash balances held at the Fed.

4

Loans

	For the Three Months Ended										% Change
	March 2012		December 2011		September 2011		June 2011		March 2011		Seq			Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	31,371	$	29,891	$	28,777	$	27,909	$	27,331		5	%		15	%
Commercial mortgage		10,007		10,262		10,050		10,394		10,685		(2	%)		(6	%)
Commercial construction		992		1,132		1,752		1,918		2,030		(12	%)		(51	%)
Commercial leases		3,543		3,351		3,300		3,349		3,364		6	%		5	%
Subtotal - commercial loans and leases		45,913		44,636		43,879		43,570		43,410		3	%		6	%
Consumer:
Residential mortgage loans		10,828		10,464		10,006		9,654		9,282		3	%		17	%
Home equity		10,606		10,810		10,985		11,144		11,376		(2	%)		(7	%)
Automobile loans		11,882		11,696		11,445		11,188		11,070		2	%		7	%
Credit card		1,926		1,906		1,864		1,834		1,852		1	%		4	%
Other consumer loans and leases		345		402		441		547		646		(14	%)		(47	%)
Subtotal - consumer loans and leases		35,587		35,278		34,741		34,367		34,226		1	%		4	%
Total average loans and leases (excluding held for sale)	$	81,500	$	79,914	$	78,620	$	77,937	$	77,636		2	%		5	%
Average loans held for sale		2,257		2,364		1,393		1,216		1,743		(5	%)		29	%

Average loan and lease balances (excluding loans held-for-sale) increased $1.6 billion, or 2 percent, sequentially and increased 5 percent from the first quarter of 2011. Period end balances increased 1 percent sequentially and 6 percent from a year ago.

Average commercial portfolio loan and lease balances were up $1.3 billion sequentially, or 3 percent, and increased $2.5 billion, or 6 percent, from the first quarter of 2011. Average C&I loans increased 5 percent sequentially and 15 percent compared with the first quarter of 2011. Average commercial mortgage and commercial construction loan balances declined by a combined 3 percent sequentially and 13 percent from the same period the previous year, reflecting continued low customer demand and current underwriting standards. Commercial line usage, on an end of period basis, was 32.1 percent of committed lines in the first quarter of 2012 compared with 31.8 percent in the fourth quarter of 2011 and 33.3 percent in the first quarter of 2011.

Average consumer portfolio loan and lease balances were up $309 million sequentially, or 1 percent, and increased $1.4 billion, or 4 percent, from the first quarter of 2011. Average residential mortgage loans increased 3 percent sequentially, reflecting strong originations and refinancing activity during the quarter as rates remained at historically low levels, as well as the continued retention of certain branch originated fixed-rate residential mortgages, primarily with shorter terms, which added $286 million on an end of period basis in the first quarter. Compared with the first quarter of 2011, average residential mortgage loans increased 17 percent and reflected the previously mentioned retention of mortgages. Average auto loans increased 2 percent sequentially and 7 percent year-over-year driven by strong origination volumes. The growth outlined above was partially offset by lower home equity loan balances, which declined 2 percent sequentially and 7 percent year-over-year due to lower demand and production.

5

Average loans held-for-sale of $2.3 billion decreased $107 million sequentially and increased $514 million compared with the first quarter of 2011. Period end loans held-for-sale declined $1.4 billion from the previous quarter due to high year-end mortgage balances and first quarter deliveries.

Deposits

	For the Three Months Ended										% Change
	March 2012		December 2011		September 2011		June 2011		March 2011		Seq			Yr/Yr
Average Deposits ($ in millions)
Demand deposits	$	26,063	$	26,069	$	23,677	$	22,174	$	21,582		—			21	%
Interest checking		22,308		19,263		18,322		18,701		18,539		16	%		20	%
Savings		21,944		21,715		21,747		21,817		21,324		1	%		3	%
Money market		4,543		5,255		5,213		5,009		5,136		(14	%)		(12	%)
Foreign office (a)		2,277		3,325		3,255		3,805		3,580		(32	%)		(36	%)
Subtotal - Transaction deposits		77,135		75,627		72,214		71,506		70,161		2	%		10	%
Other time		4,551		4,960		6,008		6,738		7,363		(8	%)		(38	%)
Subtotal - Core deposits		81,686		80,587		78,222		78,244		77,524		1	%		5	%
Certificates - $100,000 and over		3,178		3,085		3,376		3,955		4,226		3	%		(25	%)
Other		19		16		7		2		1		17	%		NM
Total deposits	$	84,883	$	83,688	$	81,605	$	82,201	$	81,751		1	%		4	%

(a) Includes commercial customer Eurodollar sweep balances for which the Bancorp pays rates comparable to other commercial deposit accounts.

Average core deposits increased 1 percent sequentially and increased 5 percent from the first quarter of 2011, as transaction deposit growth was partially offset by continued run-off of other time deposits. Average transaction deposits, excluding other time deposits, increased 2 percent from the fourth quarter of 2011 primarily driven by higher interest checking balances, reflecting account migration from foreign office deposits. Year-over-year growth of 10 percent was driven by higher DDA and interest checking, partially offset by lower foreign office and money market account balances reflecting the aforementioned account migration.

Consumer average transaction deposits increased 1 percent sequentially and 7 percent from the first quarter of 2011. Transaction deposit growth for both comparison periods reflected higher DDA, interest checking, and savings balances, which were partially offset by lower money market balances. Consumer CDs included in core deposits declined 8 percent sequentially, driven by customer reluctance to purchase longer CD maturities given the current low rate environment, and declined 38 percent year-over-year, driven by maturities of higher-rate CDs.

Commercial average transaction deposits increased 3 percent sequentially and 14 percent from the previous year. Sequential growth reflected higher inflows to interest checking, including public funds balances, partially offset by lower DDA and foreign office deposits reflecting the previously mentioned account migration into domestic interest-bearing checking products. Year-over-year growth was primarily driven by higher inflows to DDAs and interest checking balances, partially offset by lower foreign office deposits and money market account balances. Average public funds balances were $6.2 billion compared with $5.6 billion in the fourth quarter of 2011 and $5.9 billion in the first quarter of 2011.

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Noninterest Income

	For the Three Months Ended											% Change
	March 2012		December 2011			September 2011		June 2011		March 2011		Seq			Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	129	$	136		$	134	$	126	$	124		(5	%)		4	%
Corporate banking revenue		97		82			87		95		86		18	%		13	%
Mortgage banking net revenue		204		156			178		162		102		31	%		100	%
Investment advisory revenue		96		90			92		95		98		7	%		(1	%)
Card and processing revenue		59		60			78		89		80		(2	%)		(27	%)
Other noninterest income		175		24			64		83		81		629	%		116	%
Securities gains, net		9		5			26		6		8		80	%		13	%
Securities gains, net - non-qualifying hedges on mortgage servicing rights		—		(3	)		6		—		5		NM			NM
Total noninterest income	$	769	$	550		$	665	$	656	$	584		40	%		32	%

NM: Not Meaningful

Noninterest income of $769 million increased $219 million sequentially, or 40 percent, and increased $185 million, or 32 percent, compared with year ago results. The sequential and year-over year increases were driven by the net benefit of Vantiv’s IPO, related debt refinancing, and warrant gains; lower charges on the Visa total return swap; and higher mortgage banking and corporate banking net revenue.

First quarter 2012 noninterest income results included $115 million in gains from Vantiv’s IPO, as well as the estimated $36 million charge recorded in equity method earnings related to Vantiv’s debt refinancing and related termination charges. First quarter 2012 results also included a $46 million positive valuation adjustment on the warrant and put option related to the 2009 sale of a 51 percent interest in our processing business, compared with $10 million in positive valuation adjustments on these instruments in the fourth quarter of 2011 and $2 million in negative valuation adjustments on these instruments in the first quarter of 2011. First quarter 2012 also included a $19 million charge related to the increase in fair value of the liability related to the total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares; this compares with a $54 million charge in the fourth quarter of 2011 and a $9 million charge in the first quarter of 2011. Excluding these items, as well as investment securities gains in all periods, noninterest income increased approximately $64 million, or 11 percent, from the previous quarter and approximately $66 million, or 11 percent, from the first quarter of 2011 primarily due to higher mortgage banking and corporate banking net revenue.

Service charges on deposits of $129 million decreased 5 percent from the fourth quarter and increased 4 percent compared with the same quarter last year. Retail service charges declined 10 percent sequentially primarily due to seasonally lower overdraft occurrences in the first quarter and declined 1 percent compared with the first quarter of 2011. Commercial service charges decreased 1 percent sequentially and increased 7 percent compared with results a year ago primarily due to increased account growth.

Corporate banking revenue of $97 million increased 18 percent from the fourth quarter of 2011 and increased 13 percent from the same period last year. The sequential and year-over-year increases were primarily driven by higher syndication fees due to increased market and business activity during the first quarter. Higher business lending fees, institutional sales revenue, and lease-related fees also contributed to the sequential and year-over-year growth.

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Mortgage banking net revenue was $204 million in the first quarter of 2012, a 31 percent increase from the fourth quarter of 2011 and up 100 percent from the first quarter of 2011. First quarter 2012 originations were $6.4 billion, compared with $7.1 billion in the previous quarter and $3.9 billion in the first quarter of 2011. First quarter 2012 originations resulted in gains of $174 million on mortgages sold reflecting higher gain on sale margins and deliveries of previously originated mortgages. This compares with gains of $152 million during the previous quarter and $62 million during the first quarter of 2011. Mortgage servicing fees this quarter were $61 million, compared with $58 million in both the fourth quarter and the first quarter of 2011. Mortgage banking net revenue is also affected by net servicing asset value adjustments, which include mortgage servicing rights (MSR) amortization and MSR valuation adjustments (including mark-to-market adjustments on free-standing derivatives used to economically hedge the MSR portfolio). These net servicing asset valuation adjustments were negative $31 million in the first quarter of 2012 (reflecting MSR amortization of $46 million and MSR valuation adjustments of positive $15 million); negative $54 million in the fourth quarter of 2011 (MSR amortization of $47 million and MSR valuation adjustments of negative $7 million); and negative $18 million in the first quarter of 2011 (MSR amortization of $28 million and MSR valuation adjustments of positive $10 million). The mortgage servicing asset, net of the valuation reserve, was $767 million at quarter end on a servicing portfolio of $60 billion.

There were no gains or losses on securities held as non-qualifying hedges for the MSR portfolio in the first quarter of 2012, compared with net losses of $3 million in the fourth quarter of 2011 and net gains of $5 million in the first quarter of 2011.

Investment advisory revenue of $96 million increased 7 percent sequentially and was down 1 percent from the first quarter of 2011. Sequential growth was driven by higher tax-related private client services revenue, which is seasonally strong in the first quarter, as well as securities and brokerage revenue and institutional trust fees. The year-over-year decline was driven by lower mutual fund fees, partially offset by higher private client services revenue, which reflected an overall increase in equity and bond market values.

Card and processing revenue was $59 million in the first quarter of 2012, a decrease of 2 percent sequentially and 27 percent from the first quarter of 2011. The sequential decrease reflected lower transaction volumes compared with seasonally strong fourth quarter volumes. The year-over-year decline was driven by the approximately $30 million impact of the recently enacted debit interchange legislation, partially offset by increased transaction volumes and initial mitigation activity.

Other noninterest income totaled $175 million in the first quarter of 2012, compared with $24 million in the previous quarter and $81 million in the first quarter of 2011. First quarter 2012 results included $115 million in gains related to Vantiv’s IPO. Equity method earnings from our processing business equity interest are included in other income and in the first quarter included the previously mentioned $36 million estimated debt

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termination charges incurred by Vantiv in refinancing its bank debt facilities. Because Vantiv is now a public company which has not yet reported first quarter earnings, we expect to have additional information related to our equity method earnings results in our quarterly filings on Form 10-Q. In addition, other noninterest income includes changes in income related to the valuation of the total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares and effects of the valuation of warrant and put option related to the processing business sale. For periods ending March 31, 2012, December 31, 2011, and March 31, 2011, reductions in income related to the Visa, Inc. total return swap were $19 million, $54 million, and $9 million, respectively; and the impact of warrant and put option valuation adjustments of positive $46 million, positive $10 million, and negative $2 million, respectively. Excluding the items detailed above, other noninterest income increased approximately $1 million from the previous quarter and decreased approximately $23 million from the first quarter of 2011.

Net credit-related costs recognized in other noninterest income were $14 million in the first quarter of 2012 versus $33 million last quarter and $3 million in the first quarter of 2011. First quarter 2012 results included $5 million of net gains on sales of commercial loans held-for-sale and $1 million of fair value charges on commercial loans held-for-sale, as well as $17 million of losses on other real estate owned (OREO). Fourth quarter 2011 results included $9 million of net gains on sales of commercial loans held-for-sale and $18 million of fair value charges on commercial loans held-for-sale, as well as $22 million of losses on OREO. First quarter 2011 results included net gains of $17 million on the sale of loans held-for-sale, $16 million of fair value charges on commercial loans held-for-sale, and $2 million of losses on OREO.

Net gains on investment securities were $9 million in the first quarter of 2012, compared with investment securities gains of $5 million in the previous quarter and $8 million in the first quarter of 2011.

Noninterest Expense

	For the Three Months Ended										% Change
	March 2012		December 2011		September 2011		June 2011		March 2011		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	399	$	393	$	369	$	365	$	351		2	%		14	%
Employee benefits		112		84		70		79		97		32	%		15	%
Net occupancy expense		77		79		75		75		77		(2	%)		—
Technology and communications		47		48		48		48		45		(2	%)		4	%
Equipment expense		27		27		28		28		29		(1	%)		(6	%)
Card and processing expense		30		28		34		29		29		5	%		3	%
Other noninterest expense		281		334		322		277		290		(16	%)		(3	%)
Total noninterest expense	$	973	$	993	$	946	$	901	$	918		(2	%)		6	%

Noninterest expense of $973 million decreased 2 percent from the fourth quarter of 2011 and increased 6 percent from the first quarter of 2011. First quarter 2012 expenses included $23 million of income from an agreement reached on certain outstanding disputes for non-income tax related assessments, $13 million in additions to litigation reserves, $9 million in debt termination charges, and $6 million in severance expense. Fourth quarter 2011 expenses included $14 million in additions to litigation reserves related to bankcard association membership and $5 million in other litigation reserve additions. First quarter 2011 expenses

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included debt extinguishment gains which reduced other noninterest expense by $3 million. Excluding these items, noninterest expense decreased $6 million, or 1 percent, from the fourth quarter of 2011, despite the inclusion of seasonally high FICA and unemployment costs, and increased $47 million, or 5 percent, compared with the first quarter of 2011. The year-over-year increase was driven by higher compensation costs reflecting strong revenue results in mortgage and corporate banking as well as higher employee benefits expense.

Credit costs related to problem assets recorded as noninterest expense totaled $34 million in the first quarter of 2012, compared with $44 million in the fourth quarter of 2011 and $31 million in the first quarter of 2011. First quarter credit-related expenses included provisioning for mortgage repurchases of $15 million, compared with $18 million in the fourth quarter and $8 million a year ago. (Realized mortgage repurchase losses were $17 million in the first quarter of 2012, compared with $17 million last quarter and $24 million in the first quarter of 2011.) Provision for unfunded commitments was a benefit of $2 million in the current quarter, compared with benefits of $6 million last quarter and $16 million a year ago. Derivative valuation adjustments related to customer credit risk were a positive $4 million this quarter versus positive $5 million last quarter and net zero a year ago. OREO expense was $5 million this quarter, compared with $8 million last quarter and $13 million a year ago. Other problem asset-related expenses were $19 million in the first quarter, compared with $28 million the previous quarter and $26 million in the same period last year primarily driven by lower work-out related expenses.

Credit Quality

	For the Three Months Ended
	March 2012			December 2011			September 2011			June 2011			March 2011
Total net losses charged off ($ in millions)
Commercial and industrial loans	($	54	)	($	62	)	($	55	)	($	76	)	($	83	)
Commercial mortgage loans		(30	)		(47	)		(47	)		(47	)		(54	)
Commercial construction loans		(18	)		(4	)		(35	)		(20	)		(26	)
Commercial leases		—			—			1			2			(1	)
Residential mortgage loans		(37	)		(36	)		(36	)		(36	)		(65	)
Home equity		(46	)		(50	)		(53	)		(54	)		(63	)
Automobile loans		(9	)		(13	)		(12	)		(8	)		(20	)
Credit card		(20	)		(21	)		(18	)		(28	)		(31	)
Other consumer loans and leases		(6	)		(6	)		(7	)		(37	)		(24	)
Total net losses charged off		(220	)		(239	)		(262	)		(304	)		(367	)
Total losses		(253	)		(280	)		(294	)		(343	)		(397	)
Total recoveries		33			41			32			39			30
Total net losses charged off	($	220	)	($	239	)	($	262	)	($	304	)	($	367	)
Ratios (annualized)
Net losses charged off as a percent of average loans and leases (excluding held for sale)		1.08	%		1.19	%		1.32	%		1.56	%		1.92	%
Commercial		0.89	%		1.00	%		1.23	%		1.30	%		1.52	%
Consumer		1.34	%		1.43	%		1.43	%		1.89	%		2.43	%

Net charge-offs were $220 million in the first quarter of 2012, the lowest level since the fourth quarter of 2007, or 108 bps of average loans on an annualized basis. Net charge-offs declined 8 percent from fourth quarter 2011 net charge-offs of $239 million, and declined 40 percent from first quarter 2011 net charge-offs of $367 million.

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Commercial net charge-offs were $102 million, or 89 bps, down $11 million versus $113 million, or 100 bps, in the fourth quarter. This was the first quarter since the fourth quarter of 2007 that commercial net charge-offs were below 100 bps. C&I net losses were $54 million compared with net losses of $62 million in the previous quarter. Commercial mortgage net losses totaled $30 million, compared with net losses of $47 in the previous quarter. Commercial construction net losses were $18 million, compared with unusually low net losses of $4 million in the prior quarter. Net losses on residential builder and developer portfolio loans across the C&I and commercial real estate categories totaled $14 million. Originations of homebuilder / developer loans were suspended in 2007 and the remaining portfolio balance is $423 million, down from a peak of $3.3 billion in the second quarter of 2008.

Consumer net charge-offs were $118 million, or 134 bps, down $8 million sequentially. Net charge-offs on residential mortgage loans in the portfolio were $37 million, up $1 million from the previous quarter. Home equity net charge-offs were $46 million, down $4 million from the fourth quarter. Net losses on brokered home equity loans represented 33 percent of first quarter home equity losses; such loans are 14 percent of the total home equity portfolio. The home equity portfolio included $1.5 billion of brokered loans, down from a peak of $2.6 billion in 2007; originations of these loans were discontinued in 2007. Net charge-offs in the auto portfolio of $9 million decreased $4 million from the prior quarter. Net losses on consumer credit card loans were $20 million, down $1 million from the previous quarter. Net charge-offs in other consumer loans were flat sequentially at $6 million.

	For the Three Months Ended
	March 2012			December 2011			September 2011			June 2011			March 2011
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	2,255		$	2,439		$	2,614		$	2,805		$	3,004
Total net losses charged off		(220	)		(239	)		(262	)		(304	)		(367	)
Provision for loan and lease losses		91			55			87			113			168
Allowance for loan and lease losses, ending		2,126			2,255			2,439			2,614			2,805
Reserve for unfunded commitments, beginning		181			187			197			211			227
Provision for unfunded commitments		(2	)		(6	)		(10	)		(14	)		(16	)
Reserve for unfunded commitments, ending		179			181			187			197			211
Components of allowance for credit losses:
Allowance for loan and lease losses		2,126			2,255			2,439			2,614			2,805
Reserve for unfunded commitments		179			181			187			197			211
Total allowance for credit losses	$	2,305		$	2,436		$	2,626		$	2,811		$	3,016
Allowance for loan and lease losses ratio
As a percent of loans and leases		2.59	%		2.78	%		3.08	%		3.35	%		3.62	%
As a percent of nonperforming loans and leases (a)		157	%		157	%		158	%		160	%		170	%
As a percent of nonperforming assets (a)		127	%		124	%		125	%		125	%		132	%

(a) Excludes non accrual loans and leases in loans held for sale

Provision for loan and lease losses totaled $91 million in the first quarter of 2012, up $36 million from the fourth quarter of 2011 and down $77 million from the first quarter of 2011. The allowance for loan and lease losses declined $129 million reflecting continued improvement in credit trends. This allowance represented 2.59 percent of total loans and leases outstanding as of quarter end, compared with 2.78 percent last quarter, and represented 157 percent of nonperforming loans and leases, 127 percent of nonperforming assets, and 240 percent of first quarter annualized net charge-offs.

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	March 2012			December 2011			As of September 2011			June 2011			March 2011
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	358		$	408		$	449		$	485		$	477
Commercial mortgage loans		347			358			353			417			415
Commercial construction loans		118			123			151			147			159
Commercial leases		8			9			13			16			11
Residential mortgage loans		135			134			142			145			140
Home equity		26			25			25			26			24
Automobile loans		1			—			—			1			1
Other consumer loans and leases		1			1			1			3			60
Total nonaccrual loans and leases	$	994		$	1,058		$	1,134		$	1,240		$	1,287
Restructured loans and leases - commercial (nonaccrual)		157			160			189			188			149
Restructured loans and leases - consumer (nonaccrual)		201			220			215			211			209
Total nonperforming loans and leases	$	1,352		$	1,438		$	1,538		$	1,639		$	1,645
Repossessed personal property		8			14			17			15			20
Other real estate owned (a)		313			364			389			434			461
Total nonperforming assets (b)	$	1,673		$	1,816		$	1,944		$	2,088		$	2,126
Nonaccrual loans held for sale		110			131			171			147			184
Restructured loans - commercial (nonaccrual) held for sale		7			7			26			29			32
Total nonperforming assets including loans held for sale	$	1,790		$	1,954		$	2,141		$	2,264		$	2,342
Restructured Consumer loans and leases (accrual)	$	1,624		$	1,612		$	1,601		$	1,593		$	1,573
Restructured Commercial loans and leases (accrual)	$	481		$	390		$	349		$	266		$	243
Total loans and leases 90 days past due	$	216		$	200		$	274		$	279		$	266
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		1.64	%		1.76	%		1.93	%		2.09	%		2.11	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		2.03	%		2.23	%		2.44	%		2.66	%		2.73	%

(a) Excludes government insured advances.

(b) Does not include nonaccrual loans held-for-sale.

Total nonperforming assets, including loans held-for-sale, were $1.8 billion, a decline of $164 million, or 8 percent, from the previous quarter. Nonperforming assets held-for-investment (NPAs) were $1.7 billion or 2.03 percent of total loans, leases and OREO, and decreased $143 million, or 8 percent, from the previous quarter. Nonperforming loans held-for-investment (NPLs) at quarter end were $1.4 billion or 1.64 percent of total loans, leases and OREO, and decreased $86 million or 6 percent from the fourth quarter.

Commercial portfolio NPAs were $1.2 billion, or 2.62 percent of commercial loans, leases and OREO, and decreased $114 million, or 9 percent, from the fourth quarter. Commercial portfolio NPLs were $988 million, or 2.12 percent of commercial loans and leases, and decreased $70 million from last quarter. Commercial mortgage portfolio NPAs were $568 million, down $69 million from the prior quarter. Commercial construction portfolio NPAs were $171 million, a decline of $8 million from the previous quarter. Commercial real estate loans in Michigan and Florida represented 42 percent of commercial real estate NPAs and 37 percent of our total commercial real estate portfolio. C&I portfolio NPAs of $474 million decreased $35 million from the previous quarter. Within the overall commercial loan portfolio, residential real estate builder and developer portfolio NPAs of $123 million declined $32 million from the fourth quarter, of which $9 million were commercial construction assets, $38 million were commercial mortgage assets and $76 million were C&I assets. Commercial portfolio NPAs included $157 million of nonaccrual troubled debt restructurings (TDRs), compared with $160 million last quarter.

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Consumer portfolio NPAs of $449 million, or 1.26 percent of consumer loans, leases and OREO, decreased $29 million from the fourth quarter. Consumer portfolio NPLs were $363 million, or 1.02 percent of consumer loans and leases, and decreased $16 million from last quarter. Of consumer NPAs, $393 million were in residential real estate portfolios. Residential mortgage NPAs were $331 million, $19 million lower than last quarter, with Florida representing 46 percent of residential mortgage NPAs and 15 percent of total residential mortgage loans. Home equity NPAs of $62 million were down $4 million compared with last quarter. Credit card NPAs decreased $3 million from the previous quarter to $45 million. Consumer nonaccrual TDRs were $201 million in the first quarter of 2012, compared with $220 million in the fourth quarter 2011.

First quarter OREO balances included in portfolio NPA balances described above were $314 million, down $50 million from the fourth quarter, and included $236 million in commercial OREO and $78 million in consumer OREO. Repossessed personal property of $8 million consisted largely of autos.

Loans still accruing over 90 days past due were $216 million, up $16 million, or 8 percent, from the fourth quarter of 2011. Commercial balances 90 days past due of $32 million increased $24 million sequentially from very low levels in the fourth quarter. Consumer balances 90 days past due of $184 million were down $8 million from the previous quarter. Loans 30-89 days past due of $365 million decreased $87 million, or 19 percent, from the previous quarter. Commercial balances 30-89 days past due of $72 million were down $26 million sequentially and consumer balances 30-89 days past due of $293 million decreased $61 million from the fourth quarter.

At quarter-end, we held $117 million of commercial nonaccrual loans for sale, compared with $138 million at the end of the fourth quarter. During the quarter we sold approximately $13 million of non-accrual held-for-sale loans; we transferred approximately $4 million of non-accrual commercial loans from the portfolio to loans held-for-sale, and we transferred approximately $3 million of loans from loans held-for-sale to OREO. We recorded negative valuation adjustments of $1 million on held-for-sale loans and we recorded net gains of $5 million on loans that were sold or settled during the quarter.

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Capital Position

	For the Three Months Ended
	March 2012			December 2011			September 2011			June 2011			March 2011
Capital Position
Average shareholders’ equity to average assets		11.49	%		11.41	%		11.33	%		11.12	%		11.77	%
Tangible equity (a)		9.37	%		9.03	%		8.98	%		9.01	%		8.76	%
Tangible common equity (excluding unrealized gains/losses) (a)		9.02	%		8.68	%		8.63	%		8.64	%		8.39	%
Tangible common equity (including unrealized gains/losses) (a)		9.37	%		9.04	%		9.04	%		8.96	%		8.60	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (a) (b)		9.80	%		9.41	%		9.39	%		9.28	%		9.09	%
Regulatory capital ratios: (c)
Tier I capital		12.19	%		11.91	%		11.96	%		11.93	%		12.20	%
Total risk-based capital		16.06	%		16.09	%		16.25	%		16.03	%		16.27	%
Tier I leverage		11.31	%		11.10	%		11.08	%		11.03	%		11.21	%
Tier I common equity (a)		9.64	%		9.35	%		9.33	%		9.20	%		8.99	%
Book value per share		14.30			13.92			13.73			13.23			12.80
Tangible book value per share (a)		11.64			11.25			11.05			10.55			10.11

(a) The tangible equity, tangible common equity, tier I common equity and tangible book value per share ratios, while not required by accounting principles generally accepted in the United States of America (U.S. GAAP), are considered to be critical metrics with which to analyze banks. The ratios have been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition. See the Regulation G Non-GAAP Reconciliation table for a reconciliation of these ratios to U.S. GAAP.

(b) Under the banking agencies risk-based capital guidelines, assets and credit equivalent amounts of derivatives and off-balance sheet exposures are assigned to broad risk categories. The aggregate dollar amount in each risk category is multiplied by the associated risk weight of the category. The resulting weighted values are added together resulting in the Bancorp’s total risk weighted assets.

(c) Current period regulatory capital data ratios are estimated.

Capital ratios were very strong during the quarter and reflected growth in retained earnings. Compared with the prior quarter, the Tier 1 common equity ratio* increased 29 bps to 9.64 percent. The tangible common equity to tangible assets ratio* was 9.02 percent (excluding unrealized gains/losses) and 9.37 percent (including unrealized gains/losses). The Tier 1 capital ratio increased 28 bps to 12.19 percent. The Total capital ratio decreased 3 bps to 16.06 percent and the Leverage ratio increased 21 bps to 11.31 percent.

Book value per share at March 31, 2011 was $14.30 and tangible book value per share* was $11.64, compared with December 31, 2011 book value per share of $13.92 and tangible book value per share of $11.25.

The Basel Committee has proposed new capital rules for Internationally Active banks, known as “Basel III.” Fifth Third is subject to U.S. bank regulations for capital, which have not yet been issued in response to the Basel proposals. Fifth Third’s capital levels exceed current U.S. “well-capitalized” standards and proposed Basel III capital standards, and we expect Fifth Third’s capital levels to continue to exceed U.S. “well-capitalized” standards including the adoption of U.S. rules that incorporate changes contemplated under Basel III and/or the Dodd-Frank Act.

We expect to manage our capital structure over time – including the components represented by common equity and non-common equity – to adapt to and reflect the effect of legislation, changes in U.S. bank capital regulations that reflect international capital rules developments, regulatory expectations, and our goals for capital levels and capital composition as appropriate given any changes in rules.

* Non-GAAP measure; See Reg. G reconciliation on page 32

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Fifth Third’s Tier 1 and Total capital levels at March 31, 2012 included $2.2 billion of TruPS, or 2.1 percent of risk weighted assets. Under the Dodd-Frank financial reform legislation, these TruPS are intended to be phased out of Tier 1 capital over three years beginning in 2013. The Basel Committee also issued proposals that would include a phase-out of these securities, although over a longer period. We will continue to evaluate the role of these types of securities in our capital structure, based on regulatory developments. To the extent these types of securities remain outstanding during and after the phase-in period, they would be expected to continue to be included in Total capital, subject to prevailing U.S. capital standards. The Basel Committee has also proposed adjustments to definitions of capital, including what is to be included in the definition of Tier 1 common, and to risk weightings applied to certain types of assets. We do not currently expect these proposed adjustments, if adopted into U.S. banking regulations, to negatively affect Fifth Third’s Tier 1 common capital levels and for any potentially positive effect to be modest.

Fifth Third is one of 31 large U.S. Bank Holding Companies (BHCs) subject to the Federal Reserve’s (FRB) Capital Plans Rule which was issued November 22, 2011 and is subject to the FRB’s Comprehensive Capital Analysis & Review process for 19 large U.S. BHCs. Under this rule, we are required to submit an annual capital plan to the Federal Reserve, for its objection or non-objection. Fifth Third submitted its capital plan on January 9, 2012, as required. The submitted plan included an evaluation of results under four required macroeconomic scenarios: a baseline and stress scenario determined by the firms, and a baseline and stress scenario provided by the FRB. As required, the plan also included those capital actions Fifth Third intends to pursue or contemplate during the period covered by the FRB’s response, which was for 2012 and the first quarter of 2013. As previously disclosed, our plan for the covered period included the possibility that we would increase our common dividend and would initiate common share repurchases, although any such actions would be based on the FRB’s non-objection, environmental conditions, earnings results, our capital position, and other factors, as well as approval by the Fifth Third Board of Directors, at the time.

On March 13, 2012, the FRB provided a response to Fifth Third that included no objection to Fifth Third’s current common dividend level, plans to repurchase common shares in an amount equal to any after-tax gains on the sale of Vantiv shares, and the potential to redeem $1.4 billion in TruPS, and included an objection to other plans to increase the common dividend and initiate additional common share repurchases. We do not believe that the FRB’s objection was based on our financial condition. In its analysis published on March 13, 2012 of stress scenario results for the 19 CCAR banks, the FRB indicated that Fifth Third’s stressed capital levels would exceed all minimum capital standards, including the assumption that Fifth Third pursued the capital actions it assumed under baseline scenario conditions during and after the covered period subject to Federal Reserve non-objection. We are working with the FRB and currently expect to resubmit our capital plan in late May or early June, using updated macroeconomic scenarios as of March 31, 2012. The Capital Plans Rule provides the Fed will respond no later than 75 days after resubmission. We would currently expect the resubmitted plan to include capital actions and distributions substantially similar to those included in our original submission, subject to our evaluation of the scenarios and results and Board consideration and approval of the plan.

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Other

Following Vantiv, LLC’s initial public offering, Fifth Third Bank owns 84 million shares representing a 39 percent interest in Vantiv Holding, LLC, formerly Fifth Third Processing Solutions, LLC. This interest is recorded on Fifth Third’s balance sheet as an equity method investment with a book value of approximately $600 million. Based upon Vantiv’s closing price of $19.63 on March 30, 2012, our interest in Vantiv was valued at $1.6 billion. The difference between the market value and our book value is not recognized in Fifth Third’s equity or capital. Additionally, Fifth Third has a warrant to purchase additional shares in Vantiv which is carried as a derivative asset at a fair value of $157 million. To date, Fifth Third has recognized approximately $1.9 billion in pre-tax gains on the sale of the processing business and the Vantiv IPO.

We expect to repurchase approximately $75 million of common shares in the second quarter of 2012 as a result of our realized gains in Vantiv’s IPO. We expect to enter into an accelerated share repurchase agreement with a counterparty shortly to execute these repurchases.

Conference Call

Fifth Third will host a conference call to discuss these financial results at 9:30 a.m. (Eastern Time) today. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Fifth Third” then “Investor Relations”). The webcast also is being distributed over Thomson Financial’s Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial’s individual investor center at www.earnings.com or by visiting any of the investor sites in Thomson Financial’s Individual Investor Network. Institutional investors can access the call via Thomson Financial’s password-protected event management site, StreetEvents (www.streetevents.com).

Those unable to listen to the live webcast may access a webcast replay or podcast through the Fifth Third Investor Relations website at the same web address. Additionally, a telephone replay of the conference call will be available beginning approximately two hours after the conference call until Thursday, May 3^rd by dialing 800-585-8367 for domestic access and 404-537-3406 for international access (passcode 61834753#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of March 31, 2012, the Company had $117 billion in assets and operated 15 affiliates with 1,315 full-service Banking Centers, including 105 Bank Mart^® locations open seven days a week inside select grocery stores and 2,404 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 39% interest in Vantiv Holding, LLC, formerly Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money

16

managers in the Midwest and, as of March 31, 2012, had $296 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ^® National Global Select Market under the symbol “FITB.”

Forward-Looking Statements

This news release contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us.

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) general economic conditions and weakening in the economy, specifically the real estate market, either nationally or in the states in which Fifth Third, one or more acquired entities and/or the combined company do business, are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and liquidity; (7) maintaining capital requirements may limit Fifth Third’s operations and potential growth; (8) changes and trends in capital markets; (9) problems encountered by larger or similar financial institutions may adversely affect the banking industry and/or Fifth Third; (10) competitive pressures among depository institutions increase significantly; (11) effects of critical accounting policies and judgments; (12) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory agencies; (13) legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, one or more acquired entities and/or the combined company or the businesses in which Fifth Third, one or more acquired entities and/or the combined company are engaged, including the Dodd-Frank Wall Street Reform and Consumer Protection Act; (14) ability to maintain favorable ratings from rating agencies; (15) fluctuation of Fifth Third’s stock price; (16) ability to attract and retain key personnel; (17) ability to receive dividends from its subsidiaries; (18) potentially dilutive effect of future acquisitions on current shareholders’ ownership of Fifth Third; (19) effects of accounting or financial results of one or more acquired entities; (20) difficulties from the separation of Vantiv, LLC, formerly Fifth Third Processing Solutions from Fifth Third; (21) loss of income from any sale or potential sale of businesses that could have an adverse effect on Fifth Third’s earnings and future growth; (22) ability to secure confidential information through the use of computer systems and telecommunications networks; and (23) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity.

You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements.

# # #

17

Quarterly Financial Review for March 31, 2012

Table of Contents

Financial Highlights	19-20
Consolidated Statements of Income	21
Consolidated Statements of Income (Taxable Equivalent)	22
Consolidated Balance Sheets	23-24
Consolidated Statements of Changes in Equity	25
Average Balance Sheet and Yield Analysis	26-27
Summary of Loans and Leases	28
Regulatory Capital	29
Summary of Credit Loss Experience	30
Asset Quality	31
Regulation G Non-GAAP Reconciliation	32
Segment Presentation	33

18

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change
	March 2012			December 2011			March 2011			Seq			Yr/Yr
Income Statement Data
Net interest income (a)	$	903		$	920		$	884			(2	%)		2	%
Noninterest income		769			550			584			40	%		32	%
Total revenue (a)		1,672			1,470			1,468			14	%		14	%
Provision for loan and lease losses		91			55			168			64	%		(46	%)
Noninterest expense		973			993			918			(2	%)		6	%
Net income attributable to Bancorp		430			314			265			37	%		62	%
Net income available to common shareholders		421			305			88			38	%		377	%
Common Share Data
Earnings per share, basic	$	0.46		$	0.33		$	0.10			39	%		360	%
Earnings per share, diluted		0.45			0.33			0.10			36	%		350	%
Cash dividends per common share		0.08			0.08			0.06			—			33	%
Book value per share		14.30			13.92			12.80			3	%		12	%
Market price per share		14.04			12.72			13.89			10	%		1	%
Common shares outstanding (in thousands)		920,056			919,804			918,728			—			—
Average common shares outstanding (in thousands):
Basic		915,226			914,997			880,830			—			4	%
Diluted		957,416			956,349			894,841			—			7	%
Market capitalization	$	12,918		$	11,700		$	12,761			10	%		1	%
Financial Ratios
Return on assets		1.49	%		1.08	%		0.97	%		38	%		54	%
Return on average common equity		13.1	%		9.5	%		3.1	%		38	%		323	%
Return on average tangible common equity (b)		16.2	%		11.9	%		4.2	%		36	%		286	%
Noninterest income as a percent of total revenue		46	%		37	%		40	%		24	%		15	%
Average equity as a percent of average assets		11.49	%		11.41	%		11.77	%		1	%		(2	%)
Tangible common equity (c) (d)		9.02	%		8.68	%		8.39	%		4	%		8	%
Net interest margin (a)		3.61	%		3.67	%		3.71	%		(2	%)		(3	%)
Efficiency (a)		58.3	%		67.5	%		62.5	%		(14	%)		(7	%)
Effective tax rate		28.6	%		24.9	%		29.7	%		15	%		(4	%)
Credit Quality
Net losses charged off	$	220		$	239		$	367			(8	%)		(40	%)
Net losses charged off as a percent of average loans and leases		1.08	%		1.19	%		1.92	%		(9	%)		(44	%)
Allowance for loan and lease losses as a percent of loans and leases		2.59	%		2.78	%		3.62	%		(7	%)		(28	%)
Allowance for credit losses as a percent of loans and leases		2.81	%		3.01	%		3.89	%		(7	%)		(28	%)
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned (e)		2.03	%		2.23	%		2.73	%		(9	%)		(26	%)
Average Balances
Loans and leases, including held for sale	$	83,757		$	82,278		$	79,379			2	%		6	%
Total securities and other short-term investments		16,735			17,243			17,290			(3	%)		(3	%)
Total assets		116,325			115,268			110,844			1	%		5	%
Transaction deposits (f)		77,135			75,627			70,161			2	%		10	%
Core deposits (g)		81,686			80,587			77,524			1	%		5	%
Wholesale funding (h)		16,596			16,939			16,430			(2	%)		1	%
Bancorp shareholders’ equity		13,366			13,147			13,052			2	%		2	%
Regulatory Capital Ratios (i)
Tier I capital		12.19	%		11.91	%		12.20	%		2	%		—
Total risk-based capital		16.06	%		16.09	%		16.27	%		—			(1	%)
Tier I leverage		11.31	%		11.10	%		11.21	%		2	%		1	%
Tier I common equity (d)		9.64	%		9.35	%		8.99	%		3	%		7	%
Operations
Banking centers		1,315			1,316			1,310			—			—
ATMs		2,404			2,425			2,453			(1	%)		(2	%)
Full-time equivalent employees		21,206			21,334			20,837			(1	%)		2	%

(a) Presented on a fully taxable equivalent basis

(b) The return on average tangible common equity is calculated as tangible net income available to common shareholders (net income available to common shareholders excluding tax effected amortization of intangibles) divided by average tangible common equity, (average common equity less goodwill and intangible assets).

(c) The tangible common equity ratio is calculated as tangible common equity (shareholders’ equity less preferred stock, goodwill, intangible assets and accumulated other comprehensive income) divided by tangible assets (total assets less goodwill, intangible assets and accumulated other comprehensive income.)

(d) The tangible common equity and tier I common equity ratios, while not required by U.S. GAAP, are considered to be important metrics with which to analyze a bank’s position. The ratios have been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition. See Regulation G reconciliation at page 32.

(e) Excludes nonaccrual loans held for sale

(f) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers

(g) Includes transaction deposits plus other time deposits

(h) Includes certificates $100,000 and over, other deposits, federal funds purchased, short-term borrowings and long-term debt (i) Current period regulatory capital ratios are estimates

19

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	March 2012			December 2011			September 2011			June 2011			March 2011
Income Statement Data
Net interest income (a)	$	903		$	920		$	902		$	869		$	884
Noninterest income		769			550			665			656			584
Total revenue (a)		1,672			1,470			1,567			1,525			1,468
Provision for loan and lease losses		91			55			87			113			168
Noninterest expense		973			993			946			901			918
Net income attributable to Bancorp		430			314			381			337			265
Net income available to common shareholders		421			305			373			328			88
Common Share Data
Earnings per share, basic	$	0.46		$	0.33		$	0.41		$	0.36		$	0.10
Earnings per share, diluted		0.45			0.33			0.40			0.35			0.10
Cash dividends per common share		0.08			0.08			0.08			0.06			0.06
Book value per share		14.30			13.92			13.73			13.23			12.80
Market price per share		14.04			12.72			10.10			12.75			13.89
Common shares outstanding (in thousands)		920,056			919,804			919,779			919,818			918,728
Average common shares outstanding (in thousands):
Basic		915,226			914,997			914,947			914,601			880,830
Diluted		957,416			956,349			955,490			955,478			894,841
Market capitalization	$	12,918		$	11,700		$	9,290		$	11,728		$	12,761
Financial Ratios
Return on assets		1.49	%		1.08	%		1.34	%		1.22	%		0.97	%
Return on average common equity		13.1	%		9.5	%		11.9	%		11.0	%		3.1	%
Return on average tangible common equity (b)		16.2	%		11.9	%		14.9	%		14.0	%		4.2	%
Noninterest income as a percent of total revenue		46	%		37	%		42	%		43	%		40	%
Average equity as a percent of average assets		11.49	%		11.41	%		11.33	%		11.12	%		11.77	%
Tangible common equity (c) (d)		9.02	%		8.68	%		8.63	%		8.64	%		8.39	%
Net interest margin (a)		3.61	%		3.67	%		3.65	%		3.62	%		3.71	%
Efficiency (a)		58.3	%		67.5	%		60.4	%		59.1	%		62.5	%
Effective tax rate		28.6	%		24.9	%		27.9	%		33.3	%		29.7	%
Credit Quality
Net losses charged off	$	220		$	239		$	262		$	304		$	367
Net losses charged off as a percent of average loans and leases		1.08	%		1.19	%		1.32	%		1.56	%		1.92	%
Allowance for loan and lease losses as a percent of loans and leases		2.59	%		2.78	%		3.08	%		3.35	%		3.62	%
Allowance for credit losses as a percent of loans and leases		2.81	%		3.01	%		3.32	%		3.61	%		3.89	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned (e)		2.03	%		2.23	%		2.44	%		2.66	%		2.73	%
Average Balances
Loans and leases, including held for sale	$	83,757		$	82,278		$	80,013		$	79,153		$	79,379
Total securities and other short-term investments		16,735			17,243			18,142			17,192			17,290
Total assets		116,325			115,268			113,295			111,200			110,844
Transaction deposits (f)		77,135			75,627			72,214			71,506			70,161
Core deposits (g)		81,686			80,587			78,222			78,244			77,524
Wholesale funding (h)		16,596			16,939			17,928			16,433			16,430
Bancorp shareholders’ equity		13,366			13,147			12,841			12,365			13,052
Regulatory Capital Ratios (i)
Tier I capital		12.19	%		11.91	%		11.96	%		11.93	%		12.20	%
Total risk-based capital		16.06	%		16.09	%		16.25	%		16.03	%		16.27	%
Tier I leverage		11.31	%		11.10	%		11.08	%		11.03	%		11.21	%
Tier I common equity (d)		9.64	%		9.35	%		9.33	%		9.20	%		8.99	%
Operations
Banking centers		1,315			1,316			1,314			1,316			1,310
ATMs		2,404			2,425			2,437			2,456			2,453
Full-time equivalent employees		21,206			21,334			21,172			20,953			20,837

(a) Presented on a fully taxable equivalent basis

(b) The return on average tangible common equity is calculated as tangible net income available to common shareholders (net income available to common shareholders excluding tax effected amortization of intangibles) divided by average tangible common equity, (average common equity less goodwill and intangible assets).

(c) The tangible common equity ratio is calculated as tangible common equity (shareholders’ equity less preferred stock, goodwill, intangible assets and accumulated other comprehensive income) divided by tangible assets (total assets less goodwill, intangible assets and accumulated other comprehensive income.)

(d) The tangible common equity and tier I common equity ratios, while not required by U.S. GAAP, are considered to be important metrics with which to analyze a bank’s position. The ratios have been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition. See Regulation G reconciliation at page 32.

(e) Excludes nonaccrual loans held for sale

(f) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers

(g) Includes transaction deposits plus other time deposits

(h) Includes certificates $100,000 and over, other deposits, federal funds purchased, short-term borrowings and long-term debt

(i) Current period regulatory capital ratios are estimates

20

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

	For the Three Months Ended							% Change
	March 2012		December 2011			March 2011		Seq			Yr/Yr
Interest Income
Interest and fees on loans and leases	$	898	$	911		$	910		(1	%)		(1	%)
Interest on securities		141		145			149		(3	%)		(6	%)
Interest on other short-term investments		1		1			1		(26	%)		(28	%)
Total interest income		1,040		1,057			1,060		(2	%)		(2	%)
Interest Expense
Interest on deposits		58		65			106		(11	%)		(45	%)
Interest on short-term borrowings		1		1			1		6	%		21	%
Interest on long-term debt		83		75			74		10	%		11	%
Total interest expense		142		141			181		1	%		(22	%)
Net Interest Income		898		916			879		(2	%)		2	%
Provision for loan and lease losses		91		55			168		64	%		(46	%)
Net interest income after provision for loan and lease losses		807		861			711		(6	%)		14	%
Noninterest Income
Service charges on deposits		129		136			124		(5	%)		4	%
Corporate banking revenue		97		82			86		18	%		13	%
Mortgage banking net revenue		204		156			102		31	%		100	%
Investment advisory revenue		96		90			98		7	%		(1	%)
Card and processing revenue		59		60			80		(2	%)		(27	%)
Other noninterest income		175		24			81		629	%		116	%
Securities gains, net		9		5			8		80	%		13	%
Securities gains, net - non-qualifying hedges on mortgage servicing rights		—		(3	)		5		NM			NM
Total noninterest income		769		550			584		40	%		32	%
Noninterest Expense
Salaries, wages and incentives		399		393			351		2	%		14	%
Employee benefits		112		84			97		32	%		15	%
Net occupancy expense		77		79			77		(2	%)		—
Technology and communications		47		48			45		(2	%)		4	%
Equipment expense		27		27			29		(1	%)		(6	%)
Card and processing expense		30		28			29		5	%		3	%
Other noninterest expense		281		334			290		(16	%)		(3	%)
Total noninterest expense		973		993			918		(2	%)		6	%
Income before income taxes		603		418			377		44	%		60	%
Applicable income taxes		173		104			112		66	%		54	%
Net Income		430		314			265		37	%		62	%
Less: Net income attributable to noncontrolling interest		—		—			—		NM			NM
Net income attributable to Bancorp		430		314			265		37	%		62	%
Dividends on preferred stock		9		9			177		—			(95	%)
Net income available to common shareholders	$	421	$	305		$	88		38	%		377	%

21

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	March 2012		December 2011			September 2011		June 2011		March 2011
Interest Income
Interest and fees on loans and leases	$	898	$	911		$	899	$	893	$	910
Interest on securities		141		145			155		151		149
Interest on other short-term investments		1		1			1		1		1
Total interest income		1,040		1,057			1,055		1,045		1,060
Taxable equivalent adjustment		5		4			4		5		5
Total interest income (taxable equivalent)		1,045		1,061			1,059		1,050		1,065
Interest Expense
Interest on deposits		58		65			84		97		106
Interest on short-term borrowings		1		1			1		1		1
Interest on long-term debt		83		75			72		83		74
Total interest expense		142		141			157		181		181
Net interest income (taxable equivalent)		903		920			902		869		884
Provision for loan and lease losses		91		55			87		113		168
Net interest income (taxable equivalent) after provision for loan and lease losses		812		865			815		756		716
Noninterest Income
Service charges on deposits		129		136			134		126		124
Corporate banking revenue		97		82			87		95		86
Mortgage banking net revenue		204		156			178		162		102
Investment advisory revenue		96		90			92		95		98
Card and processing revenue		59		60			78		89		80
Other noninterest income		175		24			64		83		81
Securities gains, net		9		5			26		6		8
Securities gains, net - non-qualifying hedges on mortgage servicing rights		—		(3	)		6		—		5
Total noninterest income		769		550			665		656		584
Noninterest Expense
Salaries, wages and incentives		399		393			369		365		351
Employee benefits		112		84			70		79		97
Net occupancy expense		77		79			75		75		77
Technology and communications		47		48			48		48		45
Equipment expense		27		27			28		28		29
Card and processing expense		30		28			34		29		29
Other noninterest expense		281		334			322		277		290
Total noninterest expense		973		993			946		901		918
Income before income taxes (taxable equivalent)		608		422			534		511		382
Taxable equivalent adjustment		5		4			4		5		5
Income before income taxes		603		418			530		506		377
Applicable income taxes		173		104			149		169		112
Net Income		430		314			381		337		265
Less: Net Income attributable to noncontrolling interest		—		—			—		—		—
Net income attributable to Bancorp		430		314			381		337		265
Dividends on preferred stock		9		9			8		9		177
Net income available to common shareholders	$	421	$	305		$	373	$	328	$	88

22

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	March 2012			December 2011			March 2011			Seq			Yr/Yr
Assets
Cash and due from banks	$	2,235		$	2,663		$	2,121			(16	%)		5	%
Available-for-sale and other securities (a)		16,093			15,362			15,135			5	%		6	%
Held-to-maturity securities (b)		321			322			346			—			(7	%)
Trading securities		195			177			216			10	%		(10	%)
Other short-term investments		1,628			1,781			2,481			(9	%)		(34	%)
Loans held for sale		1,584			2,954			1,291			(46	%)		23	%
Portfolio loans and leases:
Commercial and industrial loans		32,155			30,783			27,344			4	%		18	%
Commercial mortgage loans		9,909			10,138			10,510			(2	%)		(6	%)
Commercial construction loans		901			1,020			1,980			(12	%)		(55	%)
Commercial leases		3,512			3,531			3,367			(1	%)		4	%
Residential mortgage loans		11,094			10,672			9,530			4	%		16	%
Home equity		10,493			10,719			11,222			(2	%)		(6	%)
Automobile loans		11,832			11,827			11,129			—			6	%
Credit card		1,896			1,978			1,821			(4	%)		4	%
Other consumer loans and leases		321			350			562			(8	%)		(43	%)
Portfolio loans and leases		82,113			81,018			77,465			1	%		6	%
Allowance for loan and lease losses		(2,126	)		(2,255	)		(2,805	)		(6	%)		(24	%)
Portfolio loans and leases, net		79,987			78,763			74,660			2	%		7	%
Bank premises and equipment		2,485			2,447			2,389			2	%		4	%
Operating lease equipment		495			497			513			—			(3	%)
Goodwill		2,417			2,417			2,417			—			—
Intangible assets		36			40			55			(10	%)		(35	%)
Servicing rights		767			681			894			13	%		(14	%)
Other assets		8,504			8,863			7,967			(4	%)		7	%
Total assets	$	116,747		$	116,967		$	110,485			—			6	%
Liabilities
Deposits:
Demand	$	26,385		$	27,600		$	22,066			(4	%)		20	%
Interest checking		23,971			20,392			18,597			18	%		29	%
Savings		22,245			21,756			21,697			2	%		3	%
Money market		4,275			4,989			5,184			(14	%)		(18	%)
Foreign office		1,251			3,250			3,569			(62	%)		(65	%)
Other time		4,446			4,638			7,043			(4	%)		(37	%)
Certificates - $100,000 and over		3,162			3,039			4,160			4	%		(24	%)
Other		56			46			1			23	%		NM
Total deposits		85,791			85,710			82,317			—			4	%
Federal funds purchased		319			346			332			(8	%)		(4	%)
Other short-term borrowings		2,877			3,239			1,297			(11	%)		122	%
Accrued taxes, interest and expenses		1,436			1,469			844			(2	%)		70	%
Other liabilities		3,066			3,270			2,948			(6	%)		4	%
Long-term debt		9,648			9,682			10,555			—			(9	%)
Total liabilities		103,137			103,716			98,293			(1	%)		5	%
Equity
Common stock		2,051			2,051			2,051			—			—
Preferred stock		398			398			398			—			—
Capital surplus		2,803			2,792			2,824			—			(1	%)
Retained earnings		7,902			7,554			6,752			5	%		17	%
Accumulated other comprehensive income		468			470			263			—			78	%
Treasury stock		(62	)		(64	)		(125	)		(3	%)		(50	%)
Total Bancorp shareholders’ equity		13,560			13,201			12,163			3	%		11	%
Noncontrolling interest		50			50			29			1	%		71	%
Total Equity		13,610			13,251			12,192			3	%		12	%
Total liabilities and equity	$	116,747		$	116,967		$	110,485			—			6	%
(a) Amortized cost	$	15,341		$	14,614		$	14,707			5	%		4	%
(b) Market values		321			322			346			—			(7	%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			—			—
Outstanding, excluding treasury		920,056			919,804			918,728			—			—
Treasury		3,836			4,088			5,165			(6	%)		(26	%)

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	March 2012			December 2011			September 2011			June 2011			March 2011
Assets
Cash and due from banks	$	2,235		$	2,663		$	2,348		$	2,380		$	2,121
Available-for-sale and other securities (a)		16,093			15,362			16,227			15,502			15,135
Held-to-maturity securities (b)		321			322			337			344			346
Trading securities		195			177			189			217			216
Other short-term investments		1,628			1,781			2,028			1,370			2,481
Loans held for sale		1,584			2,954			1,840			1,185			1,291
Portfolio loans and leases:
Commercial and industrial loans		32,155			30,783			29,258			28,099			27,344
Commercial mortgage loans		9,909			10,138			10,330			10,233			10,510
Commercial construction loans		901			1,020			1,213			1,778			1,980
Commercial leases		3,512			3,531			3,368			3,326			3,367
Residential mortgage loans		11,094			10,672			10,249			9,849			9,530
Home equity		10,493			10,719			10,920			11,048			11,222
Automobile loans		11,832			11,827			11,593			11,315			11,129
Credit card		1,896			1,978			1,878			1,856			1,821
Other consumer loans and leases		321			350			407			463			562
Portfolio loans and leases		82,113			81,018			79,216			77,967			77,465
Allowance for loan and lease losses		(2,126	)		(2,255	)		(2,439	)		(2,614	)		(2,805	)
Portfolio loans and leases, net		79,987			78,763			76,777			75,353			74,660
Bank premises and equipment		2,485			2,447			2,410			2,395			2,389
Operating lease equipment		495			497			462			492			513
Goodwill		2,417			2,417			2,417			2,417			2,417
Intangible assets		36			40			45			49			55
Servicing rights		767			681			662			847			894
Other assets		8,504			8,863			9,163			8,254			7,967
Total assets	$	116,747		$	116,967		$	114,905		$	110,805		$	110,485
Liabilities
Deposits:
Demand	$	26,385		$	27,600		$	24,547		$	22,589		$	22,066
Interest checking		23,971			20,392			18,616			18,072			18,597
Savings		22,245			21,756			21,673			21,764			21,697
Money market		4,275			4,989			5,448			4,859			5,184
Foreign office		1,251			3,250			3,139			3,271			3,569
Other time		4,446			4,638			5,439			6,399			7,043
Certificates - $100,000 and over		3,162			3,039			3,092			3,642			4,160
Other		56			46			93			2			1
Total deposits		85,791			85,710			82,047			80,598			82,317
Federal funds purchased		319			346			427			403			332
Other short-term borrowings		2,877			3,239			4,894			2,702			1,297
Accrued taxes, interest and expenses		1,436			1,469			1,307			1,067			844
Other liabilities		3,066			3,270			3,372			3,282			2,948
Long-term debt		9,648			9,682			9,800			10,152			10,555
Total liabilities		103,137			103,716			101,847			98,204			98,293
Equity
Common stock		2,051			2,051			2,051			2,051			2,051
Preferred stock		398			398			398			398			398
Capital surplus		2,803			2,792			2,780			2,769			2,824
Retained earnings		7,902			7,554			7,323			7,024			6,752
Accumulated other comprehensive income		468			470			542			396			263
Treasury stock		(62	)		(64	)		(65	)		(66	)		(125	)
Total Bancorp shareholders’ equity		13,560			13,201			13,029			12,572			12,163
Noncontrolling interest		50			50			29			29			29
Total Equity		13,610			13,251			13,058			12,601			12,192
Total liabilities and equity	$	116,747		$	116,967		$	114,905		$	110,805		$	110,485
(a) Amortized cost	$	15,341		$	14,614		$	15,427		$	14,889		$	14,707
(b) Market values		321			322			337			344			346
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			2,000,000			2,000,000
Outstanding, excluding treasury		920,056			919,804			919,779			919,818			918,728
Treasury		3,836			4,088			4,114			4,074			5,165

24

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended
	March 2012			March 2011
Total equity, beginning	$	13,251		$	14,080
Net income attributable to Bancorp		430			265
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		3			(44	)
Qualifying cash flow hedges		(7	)		(9	)
Change in accumulated other comprehensive income related to employee benefit plans		3			2
Comprehensive income		429			214
Cash dividends declared:
Common stock		(74	)		(55	)
Preferred stock		(9	)		(24	)
Issuance of common stock		—			1,648
TARP repayment		—			(3,408	)
Stock-based awards exercised, including treasury shares issued		2			1
Loans repaid (issued) related to exercise of stock-based awards, net		—			1
Redemption of preferred stock warrants issued under TARP CPP		—			(280	)
Stock-based compensation expense		11			15
Noncontrolling interest		—			—
Total equity, ending	$	13,610		$	12,192

25

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	March			December			March
	2012			2011			2011			Seq			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	31,421		$	29,954		$	27,404			5	%		15	%
Commercial mortgage loans		10,077			10,350			10,816			(3	%)		(7	%)
Commercial construction loans		1,008			1,155			2,085			(13	%)		(52	%)
Commercial leases		3,543			3,352			3,364			6	%		5	%
Residential mortgage loans		12,928			12,638			10,736			2	%		20	%
Home equity		10,606			10,810			11,376			(2	%)		(7	%)
Automobile loans		11,882			11,696			11,070			2	%		7	%
Credit card		1,926			1,906			1,852			1	%		4	%
Other consumer loans and leases		366			417			676			(12	%)		(46	%)
Taxable securities		15,313			15,270			15,156			—			1	%
Tax exempt securities		59			58			197			2	%		(70	%)
Other short-term investments		1,363			1,915			1,937			(29	%)		(30	%)
Total interest-earning assets		100,492			99,521			96,669			1	%		4	%
Cash and due from banks		2,345			2,418			2,268			(3	%)		3	%
Other assets		15,734			15,758			14,897			—			6	%
Allowance for loan and lease losses		(2,246	)		(2,429	)		(2,990	)		(8	%)		(25	%)
Total assets	$	116,325		$	115,268		$	110,844			1	%		5	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	22,308		$	19,263		$	18,539			16	%		20	%
Savings		21,944			21,715			21,324			1	%		3	%
Money market		4,543			5,255			5,136			(14	%)		(12	%)
Foreign office		2,277			3,325			3,580			(32	%)		(36	%)
Other time		4,551			4,960			7,363			(8	%)		(38	%)
Certificates - $100,000 and over		3,178			3,085			4,226			3	%		(25	%)
Other		19			16			1			17	%		NM
Federal funds purchased		370			348			310			6	%		19	%
Other short-term borrowings		3,261			3,793			1,638			(14	%)		99	%
Long-term debt		9,768			9,707			10,255			1	%		(5	%)
Total interest-bearing liabilities		72,219			71,467			72,372			1	%		—
Demand deposits		26,063			26,069			21,582			—			21	%
Other liabilities		4,627			4,536			3,809			2	%		21	%
Total liabilities		102,909			102,072			97,763			1	%		5	%
Equity		13,416			13,196			13,081			2	%		3	%
Total liabilities and equity	$	116,325		$	115,268		$	110,844			1	%		5	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.20	%		4.28	%		4.45	%
Commercial mortgage loans		3.95	%		3.89	%		4.11	%
Commercial construction loans		3.04	%		3.04	%		3.15	%
Commercial leases		3.79	%		3.87	%		4.17	%
Residential mortgage loans		4.17	%		4.16	%		4.67	%
Home equity		3.85	%		3.87	%		3.96	%
Automobile loans		3.99	%		4.27	%		5.10	%
Credit card		9.43	%		9.66	%		10.43	%
Other consumer loans and leases		40.13	%		36.95	%		18.54	%
Total loans and leases		4.34	%		4.41	%		4.67	%
Taxable securities		3.68	%		3.75	%		3.96	%
Tax exempt securities		5.60	%		5.42	%		4.77	%
Other short-term investments		0.26	%		0.24	%		0.25	%
Total interest-earning assets		4.18	%		4.23	%		4.47	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.24	%		0.28	%
Savings		0.21	%		0.23	%		0.43	%
Money market		0.22	%		0.22	%		0.32	%
Foreign office		0.26	%		0.25	%		0.31	%
Other time		1.62	%		1.77	%		2.36	%
Certificates - $100,000 and over		1.55	%		1.73	%		1.99	%
Other		0.08	%		0.03	%		0.05	%
Federal funds purchased		0.10	%		0.10	%		0.14	%
Other short-term borrowings		0.12	%		0.10	%		0.19	%
Long-term debt		3.41	%		3.09	%		2.95	%
Total interest-bearing liabilities		0.79	%		0.79	%		1.02	%
Ratios:
Net interest margin (taxable equivalent)		3.61	%		3.67	%		3.71	%
Net interest rate spread (taxable equivalent)		3.39	%		3.44	%		3.45	%
Interest-bearing liabilities to interest-earning assets		71.86	%		71.81	%		74.87	%

26

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	March 2012			December 2011			September 2011			June 2011			March 2011
Assets
Interest-earning assets:
Commercial and industrial loans	$	31,421		$	29,954		$	28,824		$	27,970		$	27,404
Commercial mortgage loans		10,077			10,350			10,140			10,491			10,816
Commercial construction loans		1,008			1,155			1,777			1,950			2,085
Commercial leases		3,543			3,352			3,300			3,349			3,364
Residential mortgage loans		12,928			12,638			11,224			10,655			10,736
Home equity		10,606			10,810			10,985			11,144			11,376
Automobile loans		11,882			11,696			11,445			11,188			11,070
Credit card		1,926			1,906			1,864			1,834			1,852
Other consumer loans and leases		366			417			454			572			676
Taxable securities		15,313			15,270			15,790			15,115			15,156
Tax exempt securities		59			58			64			96			197
Other short-term investments		1,363			1,915			2,288			1,981			1,937
Total interest-earning assets		100,492			99,521			98,155			96,345			96,669
Cash and due from banks		2,345			2,418			2,362			2,356			2,268
Other assets		15,734			15,758			15,381			15,298			14,897
Allowance for loan and lease losses		(2,246	)		(2,429	)		(2,603	)		(2,799	)		(2,990	)
Total assets	$	116,325		$	115,268		$	113,295		$	111,200		$	110,844
Liabilities
Interest-bearing liabilities:
Interest checking	$	22,308		$	19,263		$	18,322		$	18,701		$	18,539
Savings		21,944			21,715			21,747			21,817			21,324
Money market		4,543			5,255			5,213			5,009			5,136
Foreign office		2,277			3,325			3,255			3,805			3,580
Other time		4,551			4,960			6,008			6,738			7,363
Certificates - $100,000 and over		3,178			3,085			3,376			3,955			4,226
Other		19			16			7			2			1
Federal funds purchased		370			348			376			344			310
Other short-term borrowings		3,261			3,793			4,033			1,605			1,638
Long-term debt		9,768			9,707			10,136			10,527			10,255
Total interest-bearing liabilities		72,219			71,467			72,473			72,503			72,372
Demand deposits		26,063			26,069			23,677			22,174			21,582
Other liabilities		4,627			4,536			4,275			4,129			3,809
Total liabilities		102,909			102,072			100,425			98,806			97,763
Equity		13,416			13,196			12,870			12,394			13,081
Total liabilities and equity	$	116,325		$	115,268		$	113,295		$	111,200		$	110,844
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.20	%		4.28	%		4.29	%		4.35	%		4.45	%
Commercial mortgage loans		3.95	%		3.89	%		3.94	%		4.00	%		4.11	%
Commercial construction loans		3.04	%		3.04	%		3.02	%		3.01	%		3.15	%
Commercial leases		3.79	%		3.87	%		3.87	%		4.06	%		4.17	%
Residential mortgage loans		4.17	%		4.16	%		4.47	%		4.54	%		4.67	%
Home equity		3.85	%		3.87	%		3.89	%		3.91	%		3.96	%
Automobile loans		3.99	%		4.27	%		4.52	%		4.81	%		5.10	%
Credit card		9.43	%		9.66	%		9.49	%		9.91	%		10.43	%
Other consumer loans and leases		40.13	%		36.95	%		30.76	%		22.02	%		18.54	%
Total loans and leases		4.34	%		4.41	%		4.48	%		4.54	%		4.67	%
Taxable securities		3.68	%		3.75	%		3.88	%		3.97	%		3.96	%
Tax exempt securities		5.60	%		5.42	%		5.84	%		6.41	%		4.77	%
Other short-term investments		0.26	%		0.24	%		0.25	%		0.25	%		0.25	%
Total interest-earning assets		4.18	%		4.23	%		4.28	%		4.37	%		4.47	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.24	%		0.25	%		0.26	%		0.28	%
Savings		0.21	%		0.23	%		0.25	%		0.33	%		0.43	%
Money market		0.22	%		0.22	%		0.27	%		0.29	%		0.32	%
Foreign office		0.26	%		0.25	%		0.26	%		0.29	%		0.31	%
Other time		1.62	%		1.77	%		2.27	%		2.40	%		2.36	%
Certificates - $100,000 and over		1.55	%		1.73	%		2.09	%		2.05	%		1.99	%
Other		0.08	%		0.03	%		0.03	%		0.02	%		0.05	%
Federal funds purchased		0.10	%		0.10	%		0.10	%		0.11	%		0.14	%
Other short-term borrowings		0.12	%		0.10	%		0.10	%		0.16	%		0.19	%
Long-term debt		3.41	%		3.09	%		2.85	%		3.16	%		2.95	%
Total interest-bearing liabilities		0.79	%		0.79	%		0.86	%		1.00	%		1.02	%
Ratios:
Net interest margin (taxable equivalent)		3.61	%		3.67	%		3.65	%		3.62	%		3.71	%
Net interest rate spread (taxable equivalent)		3.39	%		3.44	%		3.42	%		3.37	%		3.45	%
Interest-bearing liabilities to interest-earning assets		71.86	%		71.81	%		73.83	%		75.25	%		74.87	%

27

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	March 2012		December 2011		September 2011		June 2011		March 2011
Average Loans and Leases
Commercial:
Commercial and industrial loans	$	31,371	$	29,891	$	28,777	$	27,909	$	27,331
Commercial mortgage loans		10,007		10,262		10,050		10,394		10,685
Commercial construction loans		992		1,132		1,752		1,918		2,030
Commercial leases		3,543		3,351		3,300		3,349		3,364
Subtotal - commercial		45,913		44,636		43,879		43,570		43,410
Consumer:
Residential mortgage loans		10,828		10,464		10,006		9,654		9,282
Home equity		10,606		10,810		10,985		11,144		11,376
Automobile loans		11,882		11,696		11,445		11,188		11,070
Credit card		1,926		1,906		1,864		1,834		1,852
Other consumer loans and leases		345		402		441		547		646
Subtotal - consumer		35,587		35,278		34,741		34,367		34,226
Total average loans and leases (excluding held for sale)	$	81,500	$	79,914	$	78,620	$	77,937	$	77,636
Average loans held for sale		2,257		2,364		1,393		1,216		1,743
End of Period Loans and Leases
Commercial:
Commercial and industrial loans	$	32,155	$	30,783	$	29,258	$	28,099	$	27,344
Commercial mortgage loans		9,909		10,138		10,330		10,233		10,510
Commercial construction loans		901		1,020		1,213		1,778		1,980
Commercial leases		3,512		3,531		3,368		3,326		3,367
Subtotal - commercial		46,477		45,472		44,169		43,436		43,201
Consumer:
Residential mortgage loans		11,094		10,672		10,249		9,849		9,530
Home equity		10,493		10,719		10,920		11,048		11,222
Automobile loans		11,832		11,827		11,593		11,315		11,129
Credit card		1,896		1,978		1,878		1,856		1,821
Other consumer loans and leases		321		350		407		463		562
Subtotal - consumer		35,636		35,546		35,047		34,531		34,264
Total portfolio loans and leases	$	82,113	$	81,018	$	79,216	$	77,967	$	77,465
Core business activity		1,467		2,816		1,643		1,009		1,076
Portfolio management activity		117		138		197		176		216
Total loans held for sale		1,584		2,954		1,840		1,185		1,291
Operating lease equipment		495		497		462		492		513
Loans and Leases Serviced for Others (a):
Commercial and industrial loans		585		606		640		602		547
Commercial mortgage loans		319		286		301		304		328
Commercial construction loans		41		64		67		67		56
Commercial leases		171		166		94		104		118
Residential mortgage loans		60,384		57,126		56,483		56,026		55,447
Home equity		—		—		—		—		—
Automobile loans		—		—		—		—		—
Credit card		—		—		—		—		—
Other consumer loans and leases		—		—		—		—		—
Total loans and leases serviced for others		61,500		58,248		57,585		57,103		56,496
Total loans and leases serviced	$	145,692	$	142,717	$	139,103	$	136,747	$	135,765

(a) Fifth Third sells certain loans and leases and obtains servicing responsibilities

28

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	March 2012			December 2011			September 2011			June 2011			March 2011
Tier I capital:
Bancorp shareholders’ equity	$	13,560		$	13,201		$	13,029		$	12,572		$	12,163
Goodwill and certain other intangibles		(2,518	)		(2,514	)		(2,514	)		(2,536	)		(2,546	)
Unrealized (gains) losses		(468	)		(470	)		(542	)		(396	)		(263	)
Qualifying trust preferred securities		2,248			2,248			2,273			2,312			2,763
Other		38			38			20			20			12
Total tier I capital	$	12,860		$	12,503		$	12,266		$	11,972		$	12,129
Total risk-based capital:
Tier I capital	$	12,860		$	12,503		$	12,266		$	11,972		$	12,129
Qualifying allowance for credit losses		1,331			1,328			1,299			1,275			1,266
Qualifying subordinated notes		2,745			3,054			3,098			2,837			2,780
Total risk-based capital	$	16,936		$	16,885		$	16,663		$	16,084		$	16,175
Risk-weighted assets (b)	$	105,451		$	104,945		$	102,562		$	100,320		$	99,392
Ratios:
Average shareholders’ equity to average assets		11.49	%		11.41	%		11.33	%		11.12	%		11.77	%
Regulatory capital:
Fifth Third Bancorp
Tier I capital		12.19	%		11.91	%		11.96	%		11.93	%		12.20	%
Total risk-based capital		16.06	%		16.09	%		16.25	%		16.03	%		16.27	%
Tier I leverage		11.31	%		11.10	%		11.08	%		11.03	%		11.21	%
Tier I common equity		9.64	%		9.35	%		9.33	%		9.20	%		8.99	%
Fifth Third Bank
Tier I capital		12.40	%		12.02	%		12.32	%		13.26	%		13.61	%
Total risk-based capital		13.88	%		13.61	%		14.18	%		15.13	%		15.49	%
Tier I leverage		11.51	%		11.20	%		11.40	%		12.25	%		12.49	%
Tier I common equity		12.40	%		12.02	%		12.32	%		13.26	%		13.61	%

(a) Current period regulatory capital data and ratios are estimated.

(b) Under the banking agencies’ risk-based capital guidelines, assets and credit equivalent amounts of derivatives and off-balance sheet exposures are assigned to broad risk categories. The aggregate dollar amount in each risk category is multiplied by the associated risk weight of the category. The resulting weighted values are added together resulting in the Bancorp’s total risk weighted assets.

29

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	March 2012			December 2011			September 2011			June 2011			March 2011
Average loans and leases (excluding held for sale):
Commercial and industrial loans		$31,371			$29,891			$28,777			$27,909			$27,331
Commercial mortgage loans		10,007			10,262			10,050			10,394			10,685
Commercial construction loans		992			1,132			1,752			1,918			2,030
Commercial leases		3,543			3,351			3,300			3,349			3,364
Residential mortgage loans		10,828			10,464			10,006			9,654			9,282
Home equity		10,606			10,810			10,985			11,144			11,376
Automobile loans		11,882			11,696			11,445			11,188			11,070
Credit card		1,926			1,906			1,864			1,834			1,852
Other consumer loans and leases		345			402			441			547			646
Total average loans and leases (excluding held for sale)		$81,500			$79,914			$78,620			$77,937			$77,636
Losses charged off:
Commercial and industrial loans		($60	)		($76	)		($62	)		($86	)		($90	)
Commercial mortgage loans		(37	)		(53	)		(49	)		(51	)		(58	)
Commercial construction loans		(20	)		(6	)		(35	)		(21	)		(27	)
Commercial leases		—			(1	)		—			—			(1	)
Residential mortgage loans		(38	)		(38	)		(38	)		(37	)		(67	)
Home equity		(50	)		(54	)		(56	)		(58	)		(66	)
Automobile loans		(16	)		(20	)		(19	)		(18	)		(28	)
Credit card		(24	)		(25	)		(26	)		(31	)		(33	)
Other consumer loans and leases		(8	)		(7	)		(9	)		(41	)		(27	)
Total losses		(253	)		(280	)		(294	)		(343	)		(397	)
Recoveries of losses previously charged off:
Commercial and industrial loans		6			14			7			10			7
Commercial mortgage loans		7			6			2			4			4
Commercial construction loans		2			2			—			1			1
Commercial leases		—			1			1			2			—
Residential mortgage loans		1			2			2			1			2
Home equity		4			4			3			4			3
Automobile loans		7			7			7			10			8
Credit card		4			4			8			3			2
Other consumer loans and leases		2			1			2			4			3
Total recoveries		33			41			32			39			30
Net losses charged off:
Commercial and industrial loans		(54	)		(62	)		(55	)		(76	)		(83	)
Commercial mortgage loans		(30	)		(47	)		(47	)		(47	)		(54	)
Commercial construction loans		(18	)		(4	)		(35	)		(20	)		(26	)
Commercial leases		—			—			1			2			(1	)
Residential mortgage loans		(37	)		(36	)		(36	)		(36	)		(65	)
Home equity		(46	)		(50	)		(53	)		(54	)		(63	)
Automobile loans		(9	)		(13	)		(12	)		(8	)		(20	)
Credit card		(20	)		(21	)		(18	)		(28	)		(31	)
Other consumer loans and leases		(6	)		(6	)		(7	)		(37	)		(24	)
Total net losses charged off		($220	)		($239	)		($262	)		($304	)		($367	)
Net charge-off Ratios:
Commercial and industrial loans		0.69	%		0.82	%		0.76	%		1.10	%		1.22	%
Commercial mortgage loans		1.18	%		1.82	%		1.86	%		1.83	%		2.04	%
Commercial construction loans		7.30	%		1.37	%		7.90	%		4.09	%		5.24	%
Commercial leases		0.01	%		(0.01	%)		(0.12	%)		(0.25	%)		0.04	%
Residential mortgage loans		1.39	%		1.38	%		1.41	%		1.50	%		2.82	%
Home equity		1.76	%		1.83	%		1.89	%		1.94	%		2.23	%
Automobile loans		0.33	%		0.44	%		0.41	%		0.29	%		0.73	%
Credit card		4.18	%		4.29	%		3.86	%		6.08	%		6.60	%
Other consumer loans and leases		5.51	%		6.75	%		6.67	%		26.47	%		17.16	%
Total net charge-off ratio		1.08	%		1.19	%		1.32	%		1.56	%		1.92	%

30

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	March 2012			December 2011			September 2011			June 2011			March 2011
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	2,255		$	2,439		$	2,614		$	2,805		$	3,004
Total net losses charged off		(220	)		(239	)		(262	)		(304	)		(367	)
Provision for loan and lease losses		91			55			87			113			168
Allowance for loan and lease losses, ending	$	2,126		$	2,255		$	2,439		$	2,614		$	2,805
Reserve for unfunded commitments, beginning	$	181		$	187		$	197		$	211		$	227
Provision for unfunded commitments		(2	)		(6	)		(10	)		(14	)		(16	)
Reserve for unfunded commitments, ending	$	179		$	181		$	187		$	197		$	211
Components of allowance for credit losses:
Allowance for loan and lease losses	$	2,126		$	2,255		$	2,439		$	2,614		$	2,805
Reserve for unfunded commitments		179			181			187			197			211
Total allowance for credit losses	$	2,305		$	2,436		$	2,626		$	2,811		$	3,016
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	358		$	408		$	449		$	485		$	477
Commercial mortgage loans		347			358			353			417			415
Commercial construction loans		118			123			151			147			159
Commercial leases		8			9			13			16			11
Residential mortgage loans		135			134			142			145			140
Home equity		26			25			25			26			24
Automobile loans		1			—			—			1			1
Other consumer loans and leases		1			1			1			3			60
Total nonaccrual portfolio loans and leases		994			1,058			1,134			1,240			1,287
Restructured loans and leases—commercial (non accrual)		157			160			189			188			149
Restructured loans and leases—consumer (non accrual)		201			220			215			211			209
Total nonperforming portfolio loans and leases		1,352			1,438			1,538			1,639			1,645
Repossessed property		8			14			17			15			20
Other real estate owned		313			364			389			434			461
Total nonperforming assets (a)		1,673			1,816			1,944			2,088			2,126
Nonaccrual loans held for sale		110			131			171			147			184
Restructured loans—commercial (non accrual) held for sale		7			7			26			29			32
Total nonperforming assets including loans held for sale	$	1,790		$	1,954		$	2,141		$	2,264		$	2,342
Restructured portfolio consumer loans and leases (accrual)	$	1,624		$	1,612		$	1,601		$	1,593		$	1,573
Restructured portfolio commercial loans and leases (accrual)	$	481		$	390		$	349		$	266		$	243
Ninety days past due loans and leases:
Commercial and industrial loans	$	2		$	4		$	9		$	7		$	8
Commercial mortgage loans		30			3			10			12			8
Commercial construction loans		—			1			43			48			23
Commercial leases		—			—			1			1			—
Total commercial loans and leases		32			8			63			68			39
Residential mortgage loans		73			79			91			87			98
Home equity		74			74			83			84			84
Automobile loans		8			9			9			10			9
Credit card		29			30			28			30			36
Other consumer loans and leases		—			—			—			—			—
Total consumer loans and leases		184			192			211			211			227
Total ninety days past due loans and leases	$	216		$	200		$	274		$	279		$	266
Ratios
Net losses charged off as a percent of average loans and leases		1.08	%		1.19	%		1.32	%		1.56	%		1.92	%
Allowance for loan and lease losses:
As a percent of loans and leases		2.59	%		2.78	%		3.08	%		3.35	%		3.62	%
As a percent of nonperforming loans and leases (a)		157	%		157	%		158	%		160	%		170	%
As a percent of nonperforming assets (a)		127	%		124	%		125	%		125	%		132	%
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		1.64	%		1.76	%		1.93	%		2.09	%		2.11	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		2.03	%		2.23	%		2.44	%		2.66	%		2.73	%
Nonperforming assets as a percent of total loans, leases and other assets, including other real estate owned		2.13	%		2.32	%		2.64	%		2.84	%		2.96	%

(a) Does not include nonaccrual loans held for sale

31

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

	For the Three Months Ended
	March 2012			December 2011			September 2011			June 2011			March 2011
Income before income taxes (U.S. GAAP)		603			418			530			506			377
Add: Provision expense (U.S. GAAP)		91			55			87			113			168
Pre-provision net revenue		694			473			617			619			545
Net income available to common shareholders (U.S. GAAP)		421			305			373			328			88
Add: Intangible amortization, net of tax		3			3			3			4			5
Tangible net income available to common shareholders		424			308			376			332			93
Tangible net income available to common shareholders (annualized) (a)		1,705			1,222			1,492			1,332			377
Average Bancorp shareholders’ equity (U.S. GAAP)		13,366			13,147			12,841			12,365			13,052
Less: Average preferred stock		398			398			398			398			1,557
Average goodwill		2,417			2,417			2,417			2,417			2,417
Average intangible assets		38			42			47			52			59
Average tangible common equity (b)		10,513			10,290			9,979			9,498			9,019
Total Bancorp shareholders’ equity (U.S. GAAP)		13,560			13,201			13,029			12,572			12,163
Less: Preferred stock		(398	)		(398	)		(398	)		(398	)		(398	)
Goodwill		(2,417	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(36	)		(40	)		(45	)		(49	)		(55	)
Tangible common equity, including unrealized gains / losses (c)		10,709			10,346			10,169			9,708			9,293
Less: Accumulated other comprehensive income / loss		(468	)		(470	)		(542	)		(396	)		(263	)
Tangible common equity, excluding unrealized gains / losses (d)		10,241			9,876			9,627			9,312			9,030
Add: Preferred stock		398			398			398			398			398
Tangible equity (e)		10,639			10,274			10,025			9,710			9,428
Total assets (U.S. GAAP)		116,747			116,967			114,905			110,805			110,485
Less: Goodwill		(2,417	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(36	)		(40	)		(45	)		(49	)		(55	)
Tangible assets, including unrealized gains / losses (f)		114,294			114,510			112,443			108,339			108,013
Less: Accumulated other comprehensive income / loss, before tax		(720	)		(723	)		(834	)		(609	)		(405	)
Tangible assets, excluding unrealized gains / losses (g)		113,574			113,787			111,609			107,730			107,608
Total Bancorp shareholders’ equity (U.S. GAAP)		13,560			13,201			13,029			12,572			12,163
Goodwill and certain other intangibles		(2,518	)		(2,514	)		(2,514	)		(2,536	)		(2,546	)
Unrealized gains		(468	)		(470	)		(542	)		(396	)		(263	)
Qualifying trust preferred securities		2,248			2,248			2,273			2,312			2,763
Other		38			38			20			20			12
Tier I capital		12,860			12,503			12,266			11,972			12,129
Less: Preferred stock		(398	)		(398	)		(398	)		(398	)		(398	)
Qualifying trust preferred securities		(2,248	)		(2,248	)		(2,273	)		(2,312	)		(2,763	)
Qualifying noncontrolling interest in consolidated subsidiaries		(50	)		(50	)		(30	)		(30	)		(30	)
Tier I common equity (h)		10,164			9,807			9,565			9,232			8,938
Unrealized gains		468			470			542			396			263
Disallowed deferred tax assets		—			—			—			(113	)		(41	)
Disallowed MSRs		78			70			64			70			90
Other		11			12			10			9			(7	)
Less: 1 0% of individual deferred tax assets, MSRs, investment in financial entities		—			—			—
1 5% of aggregate deferred tax assets, MSRs, investment in financial entities		—			—			—
Tier I common equity, Basel III proforma (i)		10,721			10,359			10,181			9,594			9,243
Common shares outstanding (j)		920			920			920			920			919
Risk-weighted assets, determined in accordance with prescribed regulatory requirements (k)		105,451			104,945			102,562			100,320			99,392
Add: Regulatory deductions not deducted from Tier 1 common equity, risk-weighted at 250%		1,582			1,453			1,377			1,474			1,572
Risk-weighted assets, Basel III proforma (I)		107,033			106,398			103,939			101,794			100,964
Ratios:
Return on average tangible common equity (a) / (b)		16.22	%		11.88	%		14.95	%		14.02	%		4.18	%
Tangible equity (e) / (g)		9.37	%		9.03	%		8.98	%		9.01	%		8.76	%
Tangible common equity (excluding unrealized gains/losses) (d) / (g)		9.02	%		8.68	%		8.63	%		8.64	%		8.39	%
Tangible common equity (including unrealized gains/losses) (c) / (f)		9.37	%		9.04	%		9.04	%		8.96	%		8.60	%
Tangible common equity as a percent of risk-weighted assets
(excluding unrealized gains/losses) (d) / (k)		9.71	%		9.41	%		9.39	%		9.28	%		9.09	%
Tangible book value per share (c) / (j)	$	11.64		$	11.25		$	11.05		$	10.55		$	10.11
Tier I common equity (h) / (k)		9.64	%		9.35	%		9.33	%		9.20	%		8.99	%
Tier I common equity, Basel III proforma (i) / (I)		10.02	%		9.74	%		9.80	%		9.43	%		9.16	%

32

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

	Commercial			Branch			Consumer			Investment			Other/
For the three months ended March 31, 2012	Banking			Banking			Lending			Advisors			Eliminations			Total
Net interest income (a)		353			335			80			27			108			903
Provision for loan and lease losses		(76	)		(86	)		(54	)		(3	)		128			(91	)
Net interest income after provision for loan and lease losses		277			249			26			24			236			812
Total noninterest income		177			190			211			97			94			769
Total noninterest expense		(288	)		(394	)		(162	)		(110	)		(19	)		(973	)
Net income before taxes		166			45			75			11			311			608
Applicable income taxes (a)		(24	)		(16	)		(27	)		(4	)		(107	)		(178	)
Net income		142			29			48			7			204			430
Net income (loss) attributable to noncontrolling interest		—			—			—			—			—			—
Net income attributable to Bancorp		142			29			48			7			204			430
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders		142			29			48			7			195			421
	Commercial			Branch			Consumer			Investment			Other/
For the three months ended December 31, 2011	Banking			Banking			Lending			Advisors			Eliminations			Total
Net interest income (a)		359			365			87			28			81			920
Provision for loan and lease losses		(88	)		(92	)		(56	)		(1	)		182			(55	)
Net interest income after provision for loan and lease losses		271			273			31			27			263			865
Total noninterest income		144			205			157			88			(44	)		550
Total noninterest expense		(270	)		(387	)		(171	)		(104	)		(61	)		(993	)
Net income (loss) before taxes		145			91			17			11			158			422
Applicable income taxes (a)		(13	)		(32	)		(6	)		(4	)		(53	)		(108	)
Net income (loss)		132			59			11			7			105			314
Net income (loss) attributable to noncontrolling interest		—			—			—			—			—			—
Net income (loss) attributable to Bancorp		132			59			11			7			105			314
Dividends on preferred stock		—			—			—			—			9			9
Net income (loss) available to common shareholders		132			59			11			7			96			305
	Commercial			Branch			Consumer			Investment			Other/
For the three months ended September 30, 2011	Banking			Banking			Lending			Advisors			Eliminations			Total
Net interest income (a)		345			359			85			28			85			902
Provision for loan and lease losses		(104	)		(87	)		(55	)		(15	)		174			(87	)
Net interest income after provision for loan and lease losses		241			272			30			13			259			815
Total noninterest income		159			215			191			92			8			665
Total noninterest expense		(258	)		(399	)		(158	)		(105	)		(26	)		(946	)
Net income (loss) before taxes		142			88			63			—			241			534
Applicable income taxes (a)		(12	)		(31	)		(22	)		—			(88	)		(153	)
Net income (loss)		130			57			41			—			153			381
Dividends on preferred stock		—			—			—			—			8			8
Net income (loss) available to common shareholders		130			57			41			—			145			373
For the three months ended June 30, 2011	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		339			359			81			28			62			869
Provision for loan and lease losses		(147	)		(98	)		(55	)		(4	)		191			(113	)
Net interest income after provision for loan and lease losses		192			261			26			24			253			756
Total noninterest income		163			213			167			95			18			656
Total noninterest expense		(276	)		(391	)		(147	)		(104	)		17			(901	)
Net income (loss) before taxes		79			83			46			15			288			511
Applicable income taxes (a)		9			(29	)		(16	)		(5	)		(133	)		(174	)
Net income (loss)		88			54			30			10			155			337
Dividends on preferred stock		—			—			—			—			9			9
Net income (loss) available to common shareholders		88			54			30			10			146			328
	Commercial			Branch			Consumer			Investment			Other/
For the three months ended March 31, 2011	Banking			Banking			Lending			Advisors			Eliminations			Total
Net interest income (a)		333			339			91			28			93			884
Provision for loan and lease losses		(152	)		(116	)		(94	)		(5	)		199			(168	)
Net interest income after provision for loan and lease losses		181			223			(3	)		23			292			716
Total noninterest income		175			204			114			98			(7	)		584
Total noninterest expense		(268	)		(400	)		(150	)		(107	)		7			(918	)
Net income (loss) before taxes		88			27			(39	)		14			292			382
Applicable income taxes (a)		5			(9	)		14			(5	)		(122	)		(117	)
Net income (loss)		93			18			(25	)		9			170			265
Dividends on preferred stock		—			—						—			177			177
Net income (loss) available to common shareholders		93			18			(25	)		9			(7	)		88

(a) Includes taxable equivalent adjustments of $5 million for the three months ended March 31, 2012, $5 million for the three months ended December 31, 2010, $4 million for the three months ended September 30, 2010, $5 million for the three months ended June 30, 2010, and $4 million for the three months ended March 31, 2010.

33

EX-99.2

1Q12 Earnings Conference Call

April 19, 2012

Please refer to earnings release dated April 19, 2012 for further information.

Exhibit 99.2

©

Fifth Third Bank | All Rights Reserved

2

Cautionary statement

©

Fifth Third Bank | All Rights Reserved

This report contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of

1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule

3b-6 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance or

business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is

anticipated,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,”

“objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or

similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited

to the risk factors set forth in our most recent Annual Report on Form 10-K. When considering these forward-looking statements, you should

keep in mind these risks and uncertainties, as well as any cautionary statements we may make. Moreover, you should treat these statements

as speaking only as of the date they are made and based only on information then actually known to us.

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-

looking statements. Factors that might cause such a difference include, but are not limited to: (1) general economic conditions and weakening

in the economy, specifically the real estate market, either nationally or in the states in which Fifth Third, one or more acquired entities and/or

the combined company do business, are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or other

hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate environment

reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6) Fifth Third’s

ability to maintain required capital levels and adequate sources of funding and liquidity; (7) maintaining capital requirements may limit Fifth

Third’s operations and potential growth; (8) changes and trends in capital markets; (9) problems encountered by larger or similar financial

institutions may adversely affect the banking industry and/or Fifth Third; (10) competitive pressures among depository institutions increase

significantly; (11) effects of critical accounting policies and judgments; (12) changes in accounting policies or procedures as may be required

by the Financial Accounting Standards Board (FASB) or other regulatory agencies; (13) legislative or regulatory changes or actions, or

significant litigation, adversely affect Fifth Third, one or more acquired entities and/or the combined company or the businesses in which Fifth

Third, one or more acquired entities and/or the combined company are engaged, including the Dodd-Frank Wall Street Reform and Consumer

Protection Act; (14) ability to maintain favorable ratings from rating agencies; (15) fluctuation of Fifth Third’s stock price; (16) ability to attract

and retain key personnel; (17) ability to receive dividends from its subsidiaries; (18) potentially dilutive effect of future acquisitions on current

shareholders’ ownership of Fifth Third; (19) effects of accounting or financial results of one or more acquired entities; (20) difficulties from the

separation of Vantiv, LLC, formerly Fifth Third Processing Solutions from Fifth Third; (21) loss of income from any sale or potential sale of

businesses that could have an adverse effect on Fifth Third’s earnings and future growth; (22) ability to secure confidential information through

the use of computer systems and telecommunications networks; and (23) the impact of reputational risk created by these developments on

such matters as business generation and retention, funding and liquidity.

You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on

other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking

statements.

3

©

Fifth Third Bank | All Rights Reserved

Net income available to common shareholders of $421mm ($0.45 per

diluted common share), vs. $305mm ($0.33 per

share) in 4Q11 and $88mm ($0.10 per share) in 1Q11

—

1Q12 return on assets (ROA) of 1.49%; 1.20% excluding items below

—

Pre-provision net revenue (PPNR)* of $694mm, or $569mm excluding items below

Credit trends remain favorable

—

Net charge-offs (NCOs) of $220mm (1.08% of loans and leases) down $19mm (8 bps) vs. 4Q11; lowest since 4Q07

—

Total NPAs of $1.8bn including loans HFS down $164mm or 8% sequentially; lowest since 1Q08

—

NPA ratio of 2.03% down 20 bps from 4Q11, NPL ratio of 1.64% down 12 bps from 4Q11; gross NPL inflows of

$351mm down 11% sequentially

—

Provision expense `of $91mm, up $36mm vs. 4Q11; loan loss allowance down $129mm sequentially; allowance to

loan ratio of 2.59%, 127% of NPAs, 157% of nonperforming loans and leases, and 2.4x 1Q12 annualized NCOs

—

Total delinquencies (loans 30-89 days past due and >90 days past due) down 11% sequentially, lowest since 3Q05

—

No direct European sovereign exposure; total exposure to European peripheral borrowers <$0.2bn; total exposure

to European banks <$0.1bn**

Strong capital ratios; exceed fully phased-in Basel III proposed standards

—

Tier 1 common ratio 9.64%*, up 29 bps sequentially (pro forma***

~10.0% on a fully-phased in Basel III-adjusted

basis, estimated among highest of large cap U.S. banks)

—

Tier 1 capital ratio 12.19%, Total capital ratio 16.06%, Leverage ratio 11.31%

—

Tangible common equity ratio* of 9.02% excluding unrealized gains/losses; 9.37% including them

—

Book value per share of $14.30, tangible book value per share* of $11.64 (up 3% from 4Q11)

Significant items in 1Q12 results related to Vantiv

$ in mm, except per share data

Net income impact

After tax EPS

impact

Pre-tax

After tax

Gains associated with Vantiv IPO

$115

~$75

~$0.08

Vantiv debt termination-related charges (estimated)

~($36)

~($23)

~($0.02)

Gains on higher valuation of Vantiv puts and warrants

$46

~$30

~$0.03

1Q12 in review

* Non-GAAP measure; See Reg. G reconciliation in appendix

** “European” includes non-Eurozone countries; “European peripheral” includes Greece, Ireland, Italy, Portugal, Spain

*** Current estimate (non-GAAP), subject to final rule-making and clarification by U.S. banking regulators; currently assumes unrealized securities gains are included

      in common equity for purposes of this calculation

4

Financial summary

•

1Q12 earnings of $0.45 per diluted share driven by strong core performance and gains associated with Vantiv’s IPO

–

Included $115mm pre-tax gains associated with Vantiv’s IPO and $46mm in positive valuation adjustments on the

Vantiv warrant and put option, as well as estimated $36mm pre-tax charges related to Vantiv’s bank debt

refinancing and termination

•

13% return on average common equity; 16% return on average tangible common equity^

•

Average transaction deposits up 2%; core deposits up 1% sequentially

•

Average loans* up 5% from 1Q11, reflecting strength in C&I, commercial lease, residential mortgage, and auto loans

Actual

Seq.

YOY

($ in millions)

1Q11

4Q11

1Q12

$

%

$

%

Average Balances

Commercial loans*

$43,410

$44,636

$45,913

$1,277

3%

$2,503

6%

Consumer loans*

34,226

35,278

35,587

309

1%

1,361

4%

Total loans & leases*

$77,636

$79,914

$81,500

$1,586

2%

$3,864

5%

Core deposits

$77,524

$80,587

$81,686

$1,099

1%

$4,162

5%

Income Statement Data

Net interest income (taxable equivalent)

$884

$920

$903

($17)

(2%)

$19

2%

Provision for loan and lease losses

168

55

91

36

64%

(77)

(46%)

Noninterest income

584

550

769

219

40%

185

32%

Noninterest expense

918

993

973

(20)

(2%)

55

6%

Net Income

$265

$314

$430

$116

37%

$165

62%

Net income available to common shareholders

$88

$305

$421

$116

38%

$333

377%

Pre-provision net revenue^

$545

$473

$694

$221

47%

$149

27%

Earnings per share, diluted

$0.10

$0.33

$0.45

$0.12

36%

$0.35

350%

Net interest margin

3.71%

3.67%

3.61%

(6bps)

(2%)

(10bps)

(3%)

Return on average assets

0.97%

1.08%

1.49%

41bps

38%

52bps

54%

Return on average common equity

3.1%

9.5%

13.1%

360bps

38%

1000bps

323%

Return on average tangible common equity^

4.2%

11.9%

16.2%

430bps

36%

1200bps

286%

^

Non-GAAP measure; See Reg. G reconciliation in appendix

Note: Numbers may not sum due to rounding and percentages are calculated on actual dollar amounts not the rounded dollar amounts

©

Fifth Third Bank | All Rights Reserved

5

Net interest income

NII and NIM (FTE)

•

Sequential net interest income trends reflected lower yields on loans and lower reinvestment

rates on securities given the current interest rate environment partially offset by growth in C&I,

commercial lease, residential mortgage, and auto loan balances

–

NII down $17mm, or 2%, sequentially and up $19mm, or 2% year-over-year

–

NIM  down 6 bps sequentially and 10 bps year-over-year

•

Yield on interest-earning assets declined 5 bps sequentially and 29 bps year-over-year

* Represents purchase accounting adjustments included in net interest income.

Yield Analysis

1Q11

4Q11

1Q12

(bps)

YoY  

(bps)

Commercial and industrial loans

4.45%

4.28%

4.20%

(8)

(25)

Commercial mortgage loans

4.11%

3.89%

3.95%

6

(16)

Commercial construction loans

3.15%

3.04%

3.04%

-

(11)

Commercial leases

4.17%

3.87%

3.79%

(8)

(38)

Residential mortgage loans

4.67%

4.16%

4.17%

1

(50)

Home equity

3.96%

3.87%

3.85%

(2)

(11)

Automobile loans

5.10%

4.27%

3.99%

(28)

(111)

Credit card

10.43%

9.66%

9.43%

(23)

(100)

Other consumer loans and leases

18.54%

36.95%

40.13%

318

2,159

Total loans and leases

4.67%

4.41%

4.34%

(7)

(33)

Taxable securities

3.96%

3.75%

3.68%

(7)

(28)

Tax exempt securities

4.77%

5.42%

5.60%

18

83

Other short-term investments

0.25%

0.24%

0.26%

2

1

Total interest-earning assets

4.47%

4.23%

4.18%

(5)

(29)

Total interest-bearing liabilities

1.02%

0.79%

0.79%

-

(23)

Net interest spread

3.45%

3.44%

3.39%

(5)

(6)

©

Fifth Third Bank | All Rights Reserved

($mm)

$903

Seq.

6

Balance sheet

•

C&I loans up 5% sequentially and 15% from 1Q11

•

CRE loans down 3% sequentially and 13% from 1Q11

•

Consumer loans up 1% sequentially and 4% from 1Q11

•

Average warehoused residential mortgage loans held-for-sale were

$2.1B in 1Q12 versus $2.2B in 4Q11

+1% QoQ; +5% YoY

•

Core deposit to loan ratio of 100%, flat versus 1Q11

•

DDAs flat sequentially and up 21% year-over-year

•

Consumer average transaction deposits up 1% sequentially and 7%

from the previous year

•

Commercial average transaction deposits up 3% sequentially and

14% from the previous year

Average loan growth ($B)^

Average core deposit growth ($B)

(2%) QoQ;  +1%YoY

Average wholesale funding ($B)

•

Wholesale funding relatively flat year-over-year

–

Non-core deposits up 3% sequentially

–

Short term borrowings down 12% sequentially

–

Long-term debt up 1% sequentially

^ Excludes loans held-for-sale

Note: Numbers may not sum due to rounding

©

Fifth Third Bank | All Rights Reserved

7

Noninterest income

•

Noninterest income of $769mm increased $219mm, or 40%, from prior quarter; driven by the net benefit of

Vantiv’s IPO, related debt refinancing, and warrant gains; lower charges on the Visa total return swap; and

higher mortgage banking and corporate banking revenue

•

1Q12 debit interchange revenue of $29mm, versus $29mm in 4Q11 and $54mm in 1Q11

•

Credit costs recorded in noninterest income:

Noninterest income

Note: Numbers may not sum due to rounding

Actual

($ in millions)

1Q11

4Q11

1Q12

Gain / (loss) on sale of loans

$17

$9

$5

Commercial loans HFS FV adjustment

(16)

(18)

(1)

Gain / (loss) on sale of OREO properties

(2)

(22)

(17)

Mortgage repurchase costs

(2)

(1)

(2)

Total credit-related revenue impact

($3)

($33)

($14)

Actual

Seq.

YOY

1Q11

4Q11

1Q12

$

%

$

%

($ in millions)

Service charges on deposits

$124

$136

$129

($7)

(5%)

$5

4%

Corporate banking revenue

86

82

97

15

18%

11

13%

Mortgage banking net revenue

102

156

204

48

31%

102

100%

Investment advisory revenue

98

90

96

6

7%

(2)

(1%)

Card and processing revenue

80

60

59

(1)

(2%)

(21)

(27%)

Other noninterest income

81

24

175

151

629%

94

116%

Securities gains, net

8

5

9

4

80%

1

13%

Securities gains, net -

5

(3)

-

3

NM

(5)

NM

non-qualifying hedges on MSRs

Noninterest income

$584

$550

$769

$219

40%

$185

32%

©

Fifth Third Bank | All Rights Reserved

8

Noninterest expense

Noninterest expense

•

Noninterest expense of $973mm decreased $20mm, or 2%, compared with 4Q11, driven by a $23mm benefit from

resolution of certain outstanding disputes for non-income tax related assessments, partially offset by seasonally

high FICA and unemployment costs; additions to litigation reserves; debt termination charges; and severance

expense

•

Credit costs recorded in noninterest expense:

Note: Numbers may not sum due to rounding

©

Fifth Third Bank | All Rights Reserved

Actual

Seq.

YOY

1Q11

4Q11

1Q12

$

%

$

%

($ in millions)

Salaries, wages and incentives

$351

$393

$399

$6

2%

$48

14%

Employee benefits

97

84

112

28

32%

15

15%

Net occupancy expense

77

79

77

(2)

(2%)

-

-

Technology and communications

45

48

47

(1)

(2%)

2        

4%

Equipment expense

29

27

27

-

(1%)

(2)

(6%)

Card and processing expense

29

28

30

2

5%

1

3%

Other noninterest expense

290

334

281

(53)

(16%)

(9)

(3%)

Noninterest expense

$918

$993

$973

($20)

(2%)

$55

6%

Actual

($ in millions)

1Q11

4Q11

1Q12

Mortgage repurchase expense

$8

$18

$15

Provision for unfunded commitments

(16)

(6)

(2)

Derivative valuation adjustments

(0)

(5)

(4)

OREO expense

13

8

5

Other problem asset related expenses

27

28

19

Total credit-related operating expenses

$31

$44

$34

9

Pre-tax pre-provision earnings*

PPNR trend

*Non-GAAP measure.  See Reg. G reconciliation in appendix.

^ Prior quarters include similar adjustments.

^^ See Slide 7 and Slide 8 for detailed breakout of credit-related items.

•

PPNR of $694mm up 47% from 4Q11 levels and up 27% over prior year reflecting increased

noninterest income and decreased noninterest expense, partially offset by lower net

interest income

•

Adjusted PPNR

of

$584mm,

including

negative

adjustments

totaling

$110mm,

up

10%

sequentially and 7% year-over-year

PPNR reconciliation

©

Fifth Third Bank | All Rights Reserved

($ in millions)

1Q11

2Q11

3Q11

4Q11

1Q12

Income before income taxes (U.S. GAAP) (a)

$377

$506

$530

$418

$603

Add: Provision expense (U.S. GAAP) (b)

168

113

87

55

91

PPNR (a) + (b)

$545

$619

$617

$473

$694

Adjustments to remove (benefit) / detriment^:

Vantiv IPO gain

-

-

-

-

(115)

Vantiv debt refinancing

-

-

-

-

36

Valuation of 2009 Visa total return swap

9

4

17

54

19

Securities (gains) / losses

(8)

(6)

(26)

(5)

(9)

Non-income tax related assessment resolution

-

-

-

-

(23)

Vantiv warrants & puts

2

(29)

(3)

(10)

(46)

Extinguishment (gains) / losses

(3)

(6)

-

-

9

Termination of certain borrowings and hedging

    transactions

-

-

28

-

-

Severance expense

-

-

-

-

6

Litigation reserve additions

1

-

4

19

13

Adjusted PPNR

$546

$582

$637

$531

$584

Credit-related items^^:

In noninterest income

3

28

25

33

14

In noninterest expense

31

36

45

44

34

Credit-adjusted PPNR**

$580

$646

$707

$608

$632

** There are limitations on the usefulness of credit-adjusted PPNR, including the significant degree to which changes in credit and fair value are integral, recurring components

of the Bancorp’s core operations as a financial institution. This measure has been included herein to facilitate a greater understanding of the Bancorp’s financial condition.

10

Strong capital position

Strong capital ratios under Basel I; estimated Basel III Tier 1 common ratio of 10.0%*

Tangible common equity ratio^**

Tier I capital ratio

Total risk-based capital ratio

Tier 1 common equity**

©

Fifth Third Bank | All Rights Reserved

C

urrent period regulatory capital data ratios are estimated.

^ Tangible common equity ratio excluding (dark blue) and including (light blue) unrealized securities gains / losses after-tax

* Estimate, subject to final rule-making and clarification by U.S. banking regulators; currently assumes unrealized securities gains are included in common equity for purposes of this calculation

**Non-GAAP measure.  See Reg. G reconciliation in appendix.

11

Net charge-offs

Net charge-offs by loan type

Net charge-offs by geography

Net charge-offs ($mm)

$mm

%

Commercial

$102

46%

Consumer

$118

54%

Total  

$220

100%

Actual

Seq. 

YOY

($ in millions)

1Q11

4Q11

1Q12

$

%

$

%

C&I

$83

$62

$54

($8)

(13%)

($29)

(35%)

Commercial mortgage

54

47

30

(17)

(36%)

(24)

(44%)

Commercial construction

26

4

18

14

350%

(8)

(31%)

Commercial lease

1

-

-

-

NM

(1)

(100%)

Commercial

$164

$113

$102

($11)

(10%)

($62)

(38%)

Residential mortgage loans

65

36

37

1

3%

(28)

(43%)

Home equity

63

50

46

(4)

(8%)

(17)

(27%)

Automobile

20

13

9

(4)

(31%)

(11)

(55%)

Credit card

31

21

20

(1)

(5%)

(11)

(35%)

Other consumer

24

6

6

-

-

(18)

(75%)

Consumer

$203

$126

$118

($8)

(6%)

($85)

(42%)

Total net charge-offs

$367

$239

$220

($19)

(8%)

($147)

(40%)

Year-over-year charge-offs down significantly due to improving credit trends

$mm

%

Florida

$47

22%

Michigan

46

21%

Subtotal

$93

43%

Other

127

57%

Total

$220

100%

©

Fifth Third Bank | All Rights Reserved

$239

$220

$367

$304

$262

•

NPAs of $1.7B excluding held-for-sale down

21% year-over-year

•

Commercial NPAs of $1.2B, down 23% from

the previous year

–

Homebuilder / developer NPAs of

$123mm; represent 10% of total

commercial NPAs

•

Consumer NPAs of $449mm, down 17% from

the previous year

•

NPAs in held-for-sale of $117mm

C&I / Lease

$485mm, 29%

CRE

$739mm, 44%

Residential

$393mm, 24%

Other Consumer

$56mm, 3%

Nonperforming assets ($mm)

Nonperforming assets continue to improve

©

Fifth Third Bank | All Rights Reserved

MICHIGAN

OHIO

INDIANA

ILLINOIS

KENTUCKY

TENNESSEE

NORTH

CAROLINA

OTHER /

NATIONAL

FLORIDA

Nonperforming assets

NPAs exclude loans held-for-sale.

12

13

NPL Rollforward

Significant improvement in NPL inflows over past year

Note: Numbers may not sum due to rounding

©

Fifth Third Bank | All Rights Reserved

NPL HFI Rollforward

Commercial

1Q11

2Q11

3Q11

4Q11

1Q12

Beginning NPL Amount

1,214

1,211

1,253

1,155

1,058

Transfers to nonperforming

329

340

217

189

168

Transfers to performing

(2)

(10)

(11)

-

(1)

Transfers to performing (restructured)

-

-

(1)

-

(2)

Transfers from held for sale

-

-

-

4

-

Transfers to held for sale

(16)

(15)

(58)

(3)

(3)

Loans sold from portfolio

(12)

(7)

(17)

(21)

(8)

Loan paydowns/payoffs

(108)

(91)

(77)

(149)

(94)

Transfer to other real estate owned

(37)

(39)

(20)

(14)

(36)

Charge-offs

(164)

(141)

(136)

(113)

(101)

Draws/other extensions of credit

7

5

5

10

7

Ending Commercial NPL

1,211

1,253

1,155

1,058

988

Consumer

1Q11

2Q11

3Q11

4Q11

1Q12

Beginning NPL Amount

466

434

386

383

380

Transfers to nonperforming

232

214

201

205

184

Transfers to performing

(35)

(34)

(33)

(28)

(36)

Transfers to performing (restructured)

(50)

(41)

(39)

(39)

(36)

Transfers to held for sale

-

-

-

-

-

Loans sold from portfolio

(1)

(21)

-

-

(4)

Loan paydowns/payoffs

(18)

(27)

(27)

(26)

(28)

Transfer to other real estate owned

(18)

(15)

(16)

(30)

(18)

Charge-offs

(144)

(126)

(91)

(87)

(80)

Draws/other extensions of credit

2

2

2

2

2

Ending Consumer NPL

434

386

383

380

364

Total NPL

1,645

1,639

1,538

1,438

1,352

Total new nonaccrual loans -

HFI

561

554

418

394

352

14

Continued improvement in credit trends

FITB credit metrics are in line with or better than peers

NPA ratio vs. peers

Net charge-off ratio vs. peers

Loans 90+ days delinquent % vs. peers

Loans 30-89 days delinquent % vs. peers

(7.5%)*

(HFS transfer)

3.8%

Before credit

actions

5.0%*

2.3%

Before credit

actions

©

Fifth Third Bank | All Rights Reserved

Peer average includes: BBT, CMA, HBAN, KEY, MTB, PNC, RF, STI, USB, WFC, and ZION

Source: SNL Financial and company filings. All ratios exclude loans held-for-sale and covered assets for peers where appropriate.

* 4Q08 NCOs included $800mm in NCOs related to commercial loans moved to held-for-sale; 3Q10 NCOs included $510mm in NCOs related to loans sold or moved to held-for-sale

15

Strong reserve position

Peer average includes: BBT, CMA, HBAN, KEY, MTB, PNC, RF,STI, USB, WFC, and ZION

Source: SNL and company reports. NPAs / NPLs exclude held-for-sale portion for all banks as well as covered assets for BBT, USB, and ZION

1Q12 coverage ratios strong

relative to peers (4Q11)

Industry leading reserve levels

Fifth Third

(1Q12)

Peer Average

(4Q11)

©

Fifth Third Bank | All Rights Reserved

16

Mortgage repurchase overview

18% rise in 1Q12 outstanding claims balance from prior

quarter

—

Within recent norms of quarterly increases and

decreases

Virtually all sold loans and the majority of new claims relate

to agencies

Majority of outstanding balances of the serviced for others

portfolio relates to origination activity in 2009 and later

Private claims and exposure relate to whole loan sales (no

outstanding first mortgage securitizations)

Repurchase Reserves* ($ in millions)

Outstanding Counterparty Claims ($ in millions)

Outstanding Balance of Sold Loans ($ in millions)

1Q11

2Q11

3Q11

4Q11

1Q12

Beginning balance

101

87

80

69

72

Net reserve additions    

10

15

20

20

17

Repurchase losses

(23)

(23)

(31)

(17)

(17)

Ending balance

87

80

69

72

71

2005 and prior

GSE

GNMA

Private

Total

$6,680

$273

$492

$7,445

2006

1,550

55

250

1,855

2007

2,509

80

215

2,804

2008

2,406

633

0.3

3,039

2009

9,462

3,563

0.7

13,026

2010 and later

26,338

5,884

0.3

32,222

Total

$48,945

$10,488

$958

$60,391

*Includes

reps

and

warranty

reserve

($55mm)

and

reserve

for

loans

sold

with

recourse

($17mm)

% Current      40%             42%           49%           41% 

37%

©

Fifth Third Bank | All Rights Reserved

135

110

64

47

60

17

21

19

18

$145

$127

$85

$66

$78

$-

$20

$40

$60

$80

$100

$120

$140

$160

$180

1Q11

2Q11

3Q11

4Q11

1Q12

Agencies

Private

Total Claims

10

98% of outstanding balance of loans sold

77% of current quarter outstanding claims

Preponderance of private sales prior to 2006

Note: Numbers may not sum due to rounding

17

*“European”

includes

non-Eurozone

countries;

“European

peripheral”

includes

Greece,

Ireland,

Italy,

Portugal,

Spain

Traditional banking focus

consistent with direction of financial reform

Business

profile

positions

Fifth

Third

well

–

today

and

in

the

future

•

Do not require substantial changes to Fifth Third’s business model or asset mix with

attendant execution risk

•

Fifth Third’s business model is driven by traditional banking activities, consistent with direction of

financial reform

Dodd-Frank /

Basel III

•

International activity primarily related to trade finance and lending to U.S. subsidiaries of

foreign companies (e.g. Fifth Third loss in Lehman bankruptcy expected to be less than

$2mm)

Financial system

interconnectedness

•

Little to no impact (de minimis market maker in derivatives, proprietary trading)

–

Low trading business activity; daily VaR ~$1mm or less

–

Small private equity portfolio <$200mm

Volcker rule

•

Other large firms facing significant litigation related to mortgage securitizations, GSE

repurchases, and private label mortgage repurchases

•

Fifth Third’s mortgage risks are manageable

–

Quarterly mortgage repurchase costs ~$20mm

–

Total

mortgage securitizations outstanding $19mm (2003 HELOC performing well)

Mortgage Putback /

Litigation risk

•

No significant business at Fifth Third impaired during crisis

Effect of crisis on

core business

•

No direct European sovereign exposure

European banks and

sovereign debt

exposure

©

Fifth Third Bank | All Rights Reserved

No originations of CDOs, securitizations on behalf of others

–

Didn’t originate or sell subprime mortgages or Option ARMs

Total exposure to European peripheral borrowers less than $0.2 billion*

Total exposure to European banks less than $0.1B

18

Appendix

©

Fifth Third Bank | All Rights Reserved

19

Well-positioned for the future

•

Holding company cash currently sufficient for more than 3 years of obligations; no holding company and minimal

Bank unsecured debt maturities until 2013

•

Fifth Third has completely exited all crisis-era government support programs

Superior capital and liquidity position

•

NCOs of 1.1%; 2.4x reserves / annualized NCOs

•

Substantial reduction in exposure to CRE since 1Q09; relatively low CRE exposure versus peers

•

Very low relative exposure to areas of concern, e.g. European financials, mortgage repurchase risk

Proactive approach to risk management

•

Traditional commercial banking franchise built on customer-oriented localized operating model

•

Strong market share in key markets with focus on further improving density

•

Fee income ~46% of total revenues

Diversified traditional banking platform

•

PPNR has remained strong throughout the credit cycle

•

PPNR substantially exceeds annual net charge-offs (315% PPNR / NCOs^ in 1Q12)

•

1.5% ROAA; 16% return on average tangible common equity^

Industry leader in earnings power

^ Non-GAAP measure.  See Reg. G reconciliation on slides 34-35.

©

Fifth Third Bank | All Rights Reserved

Fifth Third is one of the few large banks that have no TLGP-guaranteed debt to refinance in 2012

20

Balance Sheet:

Average loans & leases (excl. HFS)

Average transaction deposits

Income Statement:

Net interest income*

Net interest margin*

Noninterest income

Noninterest expense

Pre-provision net revenue**

ROA 

Effective tax rate

Asset Quality:

Net charge-offs

Loan loss allowance 

Nonperforming assets^

Capital

Ratios

#

:

Tier I common equity** (Basel III)

Tier I leverage

Tier I capital

Total risk-based capital

Category

Fifth Third: Outlook

2Q12 Outlook

$81.5bn

$77.1bn

~$895mm +/-

Down ~5-6 bps +/-

vs.1Q12

~$625mm +/-

Down ~$15mm vs. 1Q12

~1Q12 levels (ex-Vantiv) +/-

~1.1 -1.2%

~32-33% for 2Q12 (29% FY2012)

*Presented on a fully-taxable equivalent basis.

** Non-GAAP measure.  See Reg. G reconciliation on slides 34-35.

^ Ratio as a percent of loans excluding held-for-sale; allowance expectation assumes current expectation for credit and economic trends and is subject to review at quarter-end.

^^ Annualized net charge-offs as a percentage of average loans and leases

# Current period regulatory capital data ratios are estimated; see slide 35 for estimation of Basel III phased-in Tier 1 common

1Q12 Actual

Outlook as of April 19, 2012

Solid growth vs. 1Q12

Stable vs. 1Q12

Down ~$25mm vs. 1Q12 (<1.00%^^)

Lower vs. 1Q12

Down ~$75-100mm vs. 1Q12

$903mm

3.61%

$769mm ($644mm ex-Vantiv)

$973mm

$694mm ($569mm ex-Vantiv)

1.5% (1.2% ex-Vantiv)

29%

9.6% (~10.0%)

11.3%

12.2%

16.1%

$220mm(1.08%^^)

$2.1bn (2.59%)

$1.7bn (2.03%)

Please see cautionary statement on slide 2 for risk factors related to forward-looking statements

©

Fifth Third Bank | All Rights Reserved

21

Total

Exposure

Funded

Exposure

Total

Exposure

Funded

Exposure

Total

Exposure

Funded

Exposure

Total

Exposure

Funded

Exposure

(amounts in $mm)

Peripheral Europe

            -  

            -  

           11

            -  

         168

         124

         179

         124

Other Eurozone

            -  

            -  

           44

           34

      1,275

         742

      1,319

         776

    Total Eurozone

            -  

            -  

           55

           34

      1,443

         866

      1,498

         900

Other Europe

            -  

            -  

           23

           18

         820

         496

         843

         514

    Total Europe

            -  

            -  

           77

           52

      2,263

      1,362

      2,340

      1,414

Sovereigns

Financial Institutions

Non-Financial Entities

Total

European Exposure

Total exposure includes funded and unfunded commitments, net of collateral; funded exposure excludes unfunded exposure

Peripheral Europe includes Greece, Ireland, Italy, Portugal and Spain

Eurozone

includes

countries

participating

in

the

European

common

currency

(Euro)

Other Europe includes European countries not part of the Euro (primarily the United Kingdom and Switzerland)

Data above includes exposure to U.S. subsidiaries of Europe-domiciled companies

Note: Numbers may not sum due to rounding

z

•

International exposure primarily related to trade finance and financing activities of U.S. companies with

foreign parent or overseas activities of U.S. customers

•

No European sovereign exposure (total international sovereign exposure $3mm)

•

Total exposure to European financial institutions <$80mm

•

Total exposure to five peripheral Europe countries <$200mm

•

$900mm in funded exposure to Eurozone-related companies (~1% of total loan portfolio)

z

z

©

Fifth Third Bank | All Rights Reserved

22

Available and contingent borrowing capacity (1Q12):

–

FHLB ~$11B

–

Federal Reserve ~$24B

Holding Company cash at 3/31/12: $3.2B

Cash currently sufficient to satisfy all fixed obligations

in a stressed environment for more than 3 years    

(debt maturities, common and preferred dividends,

interest and other expenses) without accessing capital

markets; relying on dividends from subsidiaries;

proceeds from asset sales

Expected cash obligations over the next 24 months

—

~$591mm common dividends

—

~$70mm Series G preferred dividends

—

~$889mm interest and other expenses

Holding company unsecured debt maturities ($mm)

Bank

unsecured

debt

maturities

($mm

–

excl.

Brokered

CDs)

Heavily core funded

Strong liquidity profile

S-T

wholesale

6%

©

Fifth Third Bank | All Rights Reserved

23

Non-performing assets and net charge-offs:

Product view*

Total NPAs

Total NCOs

*NPAs exclude loans held-for-sale.

©

Fifth Third Bank | All Rights Reserved

24

Total NPAs

Total NCOs

Non-performing assets and net charge-offs:

Geographic view*

*NPAs exclude loans held-for-sale.

©

Fifth Third Bank | All Rights Reserved

25

Troubled debt restructurings overview

Successive improvement in vintage performance during

2008 and 2009 as volume of modification increased

Fifth Third’s mortgage portfolio TDRs have redefaulted

at a lower rate than GSE composites

Of $1.8B in consumer TDRs, $1.6B were on accrual

status and $201mm were nonaccruals

—

$1.2B of TDRs are current and have been on the

books 6 or more months; within that, ~$1B of

TDRs are current and have been on the books for

more than a year

As current TDRs season, their default propensity

declines significantly

—

We see much lower defaults on current loans after

a vintage approaches 12 months since

modification

TDR performance has improved in newer vintages

Redefault benchmarks

Source:  Fifth Third and OCC/OTS data through 3Q11

Mortgage TDR 60+ redefault trend by vintage*

1Q08      3%

2Q08      7%

3Q08      7%

4Q08      8%

1Q09     11%    

2Q09     12%

Months since modification

Mortgage TDR 60+ redefault rate: Fifth Third comparison

(January 1, 2008 through December 2011)*

Fannie Mae

Industry

portfolio loans

Fifth Third

Volume by

vintage

Freddie Mac

3Q09     12%

$1.3B current consumer TDRs (%)

4Q09      7%

2008

2009-

2011

1Q10      7%

2Q10      5%

* Fifth Third data includes changes made to align with OCC/OTS methodology (i.e. excludes government loans, closed loans and OREO from calculations)

©

Fifth Third Bank | All Rights Reserved

26

Commercial & industrial*

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & Industrial loans represented 39% of total loans

and 24% of net charge-offs

•

25% of 1Q12 losses on loans to companies in real estate

related industries

–

Loans to real estate related industries of $2.5B (8%);

1Q12 NCO ratio of 0.53%

•

FL represented 8% of 1Q12 losses, 6% of loans; MI

represented 14% of losses, 10% of loans

*NPAs exclude loans held-for-sale.

©

Fifth Third Bank | All Rights Reserved

($ in millions)

1Q11

2Q11

3Q11

4Q11

1Q12

EOP Balance

$27,344

$28,099

$29,258

$30,783

$32,155

Avg Loans

$27,331

$27,909

$28,777

$29,891

$31,371

90+ days delinquent

$8

$7

$9

$4

$2

as % of loans

0.03%

0.02%

0.03%

0.01%

0.01%

NPAs

$620

$638

$588

$509

$474

as % of loans

2.27%

2.27%

2.01%

1.65%

1.47%

Net charge-offs

$83

$76

$55

$62

$54

as % of loans

1.22%

1.10%

0.76%

0.82%

0.69%

C&I

Accommodation

2%

Construction

4%

Finance

&

Insurance

13%

Manufacturing

24%

Real Estate

4%

Retail  Trade

4%

Auto Retailers

2%

Other

35%

MI

10%

OH

17%

IN

4%

IL

14%

KY

4%

TN

4%

NC

3%

Other /

National

38%

FL

6%

Auto

Manufacturing

1%

Wholesale

Trade

11%

27

Commercial mortgage*

Loans by geography

Credit trends

Loans by industry

Comments

*NPAs exclude loans held-for-sale.

•

Commercial mortgage loans represented 12% of total loans

and 13% of net charge-offs

•

Owner occupied 1Q12 NCO ratio of 0.9%, non-owner occupied

1Q12 NCO ratio of 1.5%

•

Loans from FL/MI represented 38% of portfolio loans, 57% of

portfolio losses in 1Q12

($ in millions)

1Q11

2Q11

3Q11

4Q11

1Q12

EOP Balance

$10,510

$10,233

$10,330

$10,138

$9,909

Avg Loans

$10,685

$10,394

$10,050

$10,262

$10,007

90+ days delinquent

$8

$12

$9

$3

$30

as % of loans

0.08%

0.11%

0.09%

0.03%

0.30%

NPAs

$696

$710

$630

$637

$568

as % of loans

6.63%

6.94%

6.10%

6.28%

5.73%

Net charge-offs

$54

$47

$47

$47

$30

as % of loans

2.04%

1.83%

1.86%

1.82%

1.18%

Commercial mortgage

©

Fifth Third Bank | All Rights Reserved

28

($ in millions)

1Q11

2Q11

3Q11

4Q11

1Q12

EOP Balance

$1,980

$1,778

$1,213

$1,020

$901

Avg Loans

$2,030

$1,918

$1,752

$1,132

$992

90+ days delinquent

$23

$48

$43

$1

$0

as % of loans

1.16%

2.71%

3.65%

0.09%

0.05%

NPAs

$248

$240

$238

$179

$171

as % of loans

12.53%

13.52%

19.60%

17.60%

19.02%

Net charge-offs

$26

$20

$35

$4

$18

as % of loans

5.24%

4.09%

7.90%

1.37%

7.30%

Commercial construction

Commercial construction*

Loans by geography

Credit trends

Loans by industry

Comments

*NPAs exclude loans held-for-sale.

•

Commercial construction loans represented 1% of total loans

and 8% of net charge-offs

•

Loans from FL/MI represented 27% of portfolio loans, 97% of

portfolio losses in 1Q12

©

Fifth Third Bank | All Rights Reserved

29

($ in millions)

1Q11

2Q11

3Q11

4Q11

1Q12

EOP Balance

$651

$597

$578

$512

$423

90+ days delinquent

$1

$1

$3

$0

$1

as % of loans

0.16%

0.19%

0.59%

0.03%

0.15%

NPAs

$249

$243

$207

$155

$123

as % of loans

38.30%

40.67%

35.87%

30.34%

29.06%

Net charge-offs

$22

$14

$18

$2

$14

as % of loans

13.04%

8.91%

11.50%

1.28%

11.95%

Homebuilders/developers

Homebuilders/developers*

(included in previous slides)

Loans by geography

Credit trends

Loans by industry

Comments

•

Originations of builder/developer loans suspended in 2007

•

Remaining portfolio balance of $423mm, down 87% from

peak of $3.3B in 2Q08; represents approximately 0.5% of

total loans and 0.9% of commercial loans

•

$14mm of NCOs (17% commercial mortgage, 81%

commercial construction, 2% C&I)

•

$123mm of NPAs (53% commercial mortgage, 38%

commercial construction, 9% C&I)

*NPAs exclude loans held-for-sale.

©

Fifth Third Bank | All Rights Reserved

30

©

Fifth Third Bank | All Rights Reserved

Residential mortgage

1

liens:

100%;

weighted

average

LTV:

73.6%

Weighted average origination FICO: 749

Origination FICO distribution:  <660 7%; 660-689 6%; 690-719

10%; 720-749 13%; 750+ 52%; Other^ 12%

(note: loans <660 includes CRA loans and FHA/VA loans)

Origination LTV distribution: <=70 36%; 70.1-80 38%; 80.1-90 7%;

90.1-95 4%; >95 15%

Vintage distribution: 2012 8%; 2011 28%; 2010 17%; 2009 5%;

2008 6%; 2007 7%; 2006 7%; 2005 11%; 2004 and prior 11%

% through broker: 14%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

^ Includes acquired loans where FICO at origination is not available

•

Residential

mortgage

loans

represented

14%

of

total

loans

and

17% of net charge-offs

•

FL portfolio 16% of residential mortgage loans and 50% of

portfolio losses

($ in millions)

1Q11

2Q11

3Q11

4Q11

1Q12

EOP Balance

$9,530

$9,849

$10,249

$10,672

$11,094

Avg Loans

$9,282

$9,654

$10,006

$10,464

$10,828

90+ days delinquent

$98

$87

$91

$79

$73

as % of loans

1.03%

0.88%

0.89%

0.74%

0.66%

NPAs

$338

$338

$337

$350

$331

as % of loans

3.55%

3.43%

3.29%

3.28%

2.98%

Net charge-offs

$65

$36

$36

$36

$37

as % of loans

2.82%

1.50%

1.41%

1.38%

1.39%

Residential mortgage

MI

15%

OH

25%

IN

7%

IL

12%

KY

6%

TN

2%

NC

5%

Other /

National

12%

FL

16%

st

31

Home equity loans represented 13% of total loans and 21% of net

charge-offs

Approximately 14% of portfolio in broker product generated 33% total

loss

Approximately one third of Fifth Third 2

liens are behind Fifth

Third 1

liens

2005/2006 vintages represent approximately 28% of portfolio; account

for 50% of losses

Aggressive home equity line management strategies in place

($ in millions)

1Q11

2Q11

3Q11

4Q11

1Q12

EOP Balance

$9,585

$9,462

$9,380

$9,038

$8,986

90+ days delinquent

$59

$61

$62

$56

$55

as % of loans

0.62%

0.64%

0.66%

0.62%

0.62%

Net charge-offs

$39

$34

$35

$30

$31

as % of loans

1.64%

1.46%

1.50%

1.33%

1.39%

Home equity - direct

($ in millions)

1Q11

2Q11

3Q11

4Q11

1Q12

EOP Balance

$1,637

$1,586

$1,540

$1,455

$1,507

90+ days delinquent

$25

$23

$21

$18

$19

as % of loans

1.51%

1.46%

1.37%

1.24%

1.23%

Net charge-offs

$24

$20

$18

$16

$15

as % of loans

5.88%

4.95%

4.53%

4.27%

4.01%

Home equity - brokered

Home equity

1    liens: 32%; 2

liens: 68% 

Weighted average origination FICO: 750

Origination FICO distribution^: <660 4%; 660-689 7%; 690-719 13%; 720-749

17%; 750+ 51%; Other 8%

Average CLTV: 74%; Origination CLTV distribution: <=70 40%; 70.1-80 22%;

80.1-90 18%; 90.1-95 7%; >95 13%

Vintage distribution: 2012 1%; 2011 5%; 2010 4%; 2009 4%; 2008 11%; 2007

11%; 2006 14%; 2005 13%; 2004 and prior 37%

% through broker channels: 14% WA FICO: 735 brokered, 753 direct; WA

CLTV: 88% brokered; 71% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Note: Brokered and direct home equity net charge-off ratios are calculated based on end of period loan balances

^ Includes acquired loans where FICO at origination is not available

©

Fifth Third Bank | All Rights Reserved

st

st

nd

nd

32

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

2.1

7%

62

13%

4

8%

Commercial mortgage

1.2

12%

80

14%

6

21%

Commercial construction

0.2

19%

77

45%

11

59%

Commercial lease

0.3

9%

-

0%

-

0%

Commercial

3.8

8%

220

18%

21

21%

Mortgage

1.7

16%

50

15%

19

50%

Home equity

0.8

8%

9

15%

5

10%

Auto

0.5

5%

0

4%

1

5%

Credit card

1.0

52%

3

6%

2

8%

Other consumer

0.2

56%

-

0%

1

18%

Consumer

4.3

12%

63

14%

26

22%

Total

8.1

10%

283

17%

47

21%

Florida

Florida market*

Deterioration in real estate values having effect on credit trends as evidenced by elevated NPA/NCOs in real estate related products

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

*NPAs exclude loans held-for-sale.

Weak commercial real estate market

Losses due to significant declines in

valuations

Valuations; relatively small home

equity portfolio

©

Fifth Third Bank | All Rights Reserved

32

33

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

3.2

10%

94

20%

7

14%

Commercial mortgage

2.6

26%

139

24%

10

36%

Commercial construction

0.1

9%

11

7%

7

38%

Commercial lease

0.2

5%

2

21%

(0)

0%

Commercial

6.0

13%

247

20%

25

24%

Mortgage

1.7

15%

23

7%

6

16%

Home equity

2.2

21%

6

10%

11

23%

Auto

0.9

8%

1

9%

1

13%

Credit card

0.3

15%

9

20%

3

14%

Other consumer

0.1

21%

-

0%

1

14%

Consumer

5.1

14%

39

9%

21

18%

Total

11.2

14%

286

17%

46

21%

Michigan

Michigan market*

Deterioration in home price values coupled with weak economy impacted credit results due to frequency of defaults and severity

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

*NPAs exclude loans held-for-sale.

Negative impact from housing

valuations, economy,

unemployment

Economic weakness impact on

commercial real estate market

©

Fifth Third Bank | All Rights Reserved

34

Regulation G Non-GAAP reconciliation

©

Fifth Third Bank | All Rights Reserved

$ and shares in millions

(unaudited)

March

December

September

June

March

2012

2011

2011

2011

2011

Income before income taxes (U.S. GAAP)

$603

$418

$530

$506

$377

Add:

Provision expense (U.S. GAAP)

91

55

87

113

168

Pre-provision net revenue (a)

694

473

617

619

545

Net income available to common shareholders (U.S. GAAP)

421

305

373

328

88

Add:

Intangible amortization, net of tax

3

3

3

4

5

Tangible net income available to common shareholders

424

308

376

332

93

Tangible net income available to common shareholders (annualized) (b)

1,705

1,222

1,492

1,332

377

Average Bancorp shareholders' equity (U.S. GAAP)

13,366

13,147

12,841

12,365

13,052

Less:

Average preferred stock

398

398

398

398

1,557

Average goodwill

2,417

2,417

2,417

2,417

2,417

Average intangible assets

38

42

47

52

59

Average tangible common equity (c)

10,513

10,290

9,979

9,498

9,019

Total Bancorp shareholders' equity (U.S. GAAP)

13,560

13,201

13,029

12,572

12,163

Less: 

Preferred stock

(398)

(398)

(398)

(398)

(398)

Goodwill

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

Intangible assets

(36)

(40)

(45)

(49)

(55)

Tangible common equity, including unrealized gains / losses (d)

10,709

10,346

10,169

9,708

9,293

Less: Accumulated other comprehensive income / loss

(468)

(470)

(542)

(396)

(263)

Tangible common equity, excluding unrealized gains / losses (e)

10,241

9,876

9,627

9,312

9,030

Total assets (U.S. GAAP)

116,747

116,967

114,905

110,805

110,485

Less: 

Goodwill

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

Intangible assets

(36)

(40)

(45)

(49)

(55)

Tangible assets, including unrealized gains / losses (f)

114,294

114,510

112,443

108,339

108,013

Less: Accumulated other comprehensive income / loss, before tax

(720)

(723)

(834)

(609)

(405)

Tangible assets, excluding unrealized gains / losses (g)

113,574

113,787

111,609

107,730

107,608

Common shares outstanding (h)

920

920

920

920

919

Net charge-offs (i)

220

239

262

304

367

Ratios:

Return on average tangible common equity (b) / (c)

16.2%

11.9%

15.0%

14.0%

4.2%

Tangible common equity (excluding unrealized gains/losses) (e) /

(g)

9.02%

8.68%

8.63%

8.64%

8.39%

Tangible common equity (including unrealized gains/losses) (d) /

(f)

9.37%

9.04%

9.04%

8.96%

8.60%

Tangible book value per share (d) / (h)

11.64

11.25

11.05

10.55

10.11

Pre-provision net revenue / net charge-offs (a) / (i)

315%

198%

235%

204%

149%

For the Three Months Ended

35

Regulation G Non-GAAP reconciliation

©

Fifth Third Bank | All Rights Reserved

$ and shares in millions

(unaudited)

March

December

September

June

March

2012

2011

2011

2011

2011

Total Bancorp shareholders' equity (U.S. GAAP)

$13,560

$13,201

$13,029

$12,572

$12,163

Goodwill and certain other intangibles

(2,518)

(2,514)

(2,514)

(2,536)

(2,546)

Unrealized gains

(468)

(470)

(542)

(396)

(263)

Qualifying trust preferred securities

2,248

2,248

2,273

2,312

2,763

Other

38

38

20

20

12

Tier I capital

12,860

12,503

12,266

11,972

12,129

Less:

Preferred stock

(398)

(398)

(398)

(398)

(398)

Qualifying trust preferred securities

(2,248)

(2,248)

(2,273)

(2,312)

(2,763)

Qualifying noncontrolling interest in consolidated subsidiaries

(50)

(50)

(30)

(30)

(30)

Tier I common equity (a)

10,164

9,807

9,565

9,232

8,938

Unrealized gains

468

Disallowed deferred tax assets

-

Disallowed MSRs

78

Other

11

Less:

10% of individual deferred tax assets, MSRs, investment in financial entities

-

15% of aggregate deferred tax assets, MSRs, investment in financial entities

-

Tier 1 common equity, Basel III proforma (b)

10,721

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (c)

105,451

104,945

102,562

100,320

99,392

Regulatory deductions not deducted from Tier 1 common equity,

risk-weighted at 250%

1,582

Risk-weighted assets, Basel III proforma (d)

107,033

Ratios:

Tier I common equity (a) / (c)

9.64%

9.35%

9.33%

9.20%

8.99%

Tier I common equity, Basel III proforma (b) / (d)

10.02%

Add:

For the Three Months Ended

9.74%

9.80%

1,453

1,377

106,398

103,939

470

542

-

-

70

64

12

10

-

-

-

-

10,359

10,181

9.43%

9.16%

101,794

100,964

1,474

1,572

-

-

-

-

9

396

263

(113)

(41)

70

90

(7)

9,594

9,243

EX-99.3

Exhibit 99.3

April 2012

QUARTERLY FINANCIAL SUPPLEMENT

Investment Community Member:

To assist in your financial analysis, the following supplement of most requested information concerning Fifth Third Bancorp is provided.

Numbers are unaudited for quarterly information.

If you need further information, please fax or e-mail your request to Fifth Third’s Investor Relations Department at (513) 534-3945 or IR@53.com

Jim Eglseder	Rich Rosen
VP / Investor Relations	VP / Investor Relations
(513) 534-8424	(513) 534-3307

Quarterly Data

	Three Months Ended
	March 31, 2012		December 31, 2011		September 30, 2011		June 30, 2011		March 31, 2011		December 31, 2010		September 30, 2010		June 30, 2010
Ratios (percent)
Return on assets		1.49		1.08		1.34		1.22		0.97		1.18		0.84		0.68
Return on average common equity		13.1		9.5		11.9		11.0		3.1		10.4		6.8		5.2
Average equity as a percent of average assets		11.49		11.41		11.33		11.12		11.77		12.52		12.38		12.04
Net interest margin (a)		3.61		3.67		3.65		3.62		3.71		3.75		3.70		3.57
Efficiency (a)		58.3		67.5		60.4		59.1		62.5		62.6		56.2		62.1
Net losses charged off as a percent of average loans and leases		1.08		1.19		1.32		1.56		1.92		1.86		4.95		2.26
Allowance for loan and lease losses as a percent of loans and leases		2.59		2.78		3.08		3.35		3.62		3.88		4.20		4.85
Allowance for credit losses as a percent of loans and leases		2.81		3.01		3.32		3.61		3.89		4.17		4.51		5.18
Nonperforming assets as a percent of loans, leases and other assets, including OREO (b)		2.03		2.23		2.44		2.66		2.73		2.79		2.72		3.87
Allowance for loan and lease losses as a percent of nonperforming assets (b)		127		124		125		125		132		138		153		124
Allowance for credit losses as a percent of nonperforming assets (b)		138		134		135		135		142		149		165		133
Common Share Data
Earnings per share	$	0.46	$	0.33	$	0.41	$	0.36	$	0.10	$	0.34	$	0.22	$	0.16
Earnings per diluted share	$	0.45	$	0.33	$	0.40	$	0.35	$	0.10	$	0.33	$	0.22	$	0.16
Cash dividends per common share		0.08		0.08		0.08		0.06		0.06		0.01		0.01		0.01
Book value per share		14.30		13.92		13.73		13.23		12.80		13.06		12.86		12.65
Common shares outstanding, excluding treasury		920,056,340		919,804,436		919,778,512		919,818,137		918,728,008		796,272,522		796,283,198		796,319,712
Market price per share:
High	$	14.73	$	13.08	$	13.09	$	14.15	$	15.75	$	15.11	$	13.81	$	15.95
Low		12.78		9.60		9.13		11.88		13.25		11.71		10.64		12.00
End of period		14.04		12.72		10.10		12.75		13.89		14.68		12.03		12.29
Supplemental Data
Common dividends declared ($ in millions)	$	74	$	74	$	74	$	55	$	55	$	8	$	8	$	8
Full-time equivalent employees		21,206		21,334		21,172		20,953		20,837		20,838		20,667		20,479
Banking centers		1,315		1,316		1,314		1,316		1,310		1,312		1,309		1,309
ATMs		2,404		2,425		2,437		2,456		2,453		2,445		2,390		2,362

(a) Presented on a fully taxable equivalent basis (FTE).

(b) Excludes nonperforming assets held for sale.

Page 2

Quarterly Data

	Three Months Ended
	March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010
Income Statement ($ in millions)
Interest income (FTE)	$	1,045		$	1,061		$	1,059		$	1,050		$	1,065		$	1,109		$	1,130		$	1,121
Interest expense		142			141			157			181			181			190			214			234
Net interest income (FTE)		903			920			902			869			884			919			916			887
Provision for loan and lease losses		91			55			87			113			168			166			457			325
Noninterest income:
Service charges on deposits		129			136			134			126			124			140			143			149
Investment advisory revenue		96			90			92			95			98			93			90			87
Corporate banking revenue		97			82			87			95			86			103			86			93
Mortgage banking net revenue		204			156			178			162			102			149			232			114
Card and processing revenue		59			60			78			89			80			81			77			84
Other noninterest income		175			24			64			83			81			55			195			85
Securities gains, net		9			5			26			6			8			21			4			8
Securities gains, net - non-qualifying hedges on mortgage servicing rights		—			(3	)		6			—			5			14			—			—
Total noninterest income		769			550			665			656			584			656			827			620
Noninterest expense:
Salaries, wages and incentives		399			393			369			365			351			385			360			356
Employee benefits		112			84			70			79			97			73			82			73
Net occupancy expense		77			79			75			75			77			76			72			73
Technology and communications		47			48			48			48			45			52			48			45
Equipment expense		27			27			28			28			29			32			30			31
Card and processing expense		30			28			34			29			29			26			26			31
Other noninterest expense		281			334			322			277			290			343			361			326
Total noninterest expense		973			993			946			901			918			987			979			935
Income before income taxes (FTE)		608			422			534			511			382			422			307			247
Taxable equivalent adjustment		5			4			4			5			5			5			4			5
Income before income taxes		603			418			530			506			377			417			303			242
Applicable income tax		173			104			149			169			112			83			65			50
Net income	$	430		$	314		$	381		$	337		$	265		$	334		$	238		$	192
Less: Net income attributable to noncontrolling interests		—			—			—			—			—			1			—			—
Net income attributable to Bancorp	$	430		$	314		$	381		$	337		$	265		$	333		$	238		$	192
Dividends on preferred stock		9			9			8			9			177			63			63			62
Net income available to common shareholders	$	421		$	305		$	373		$	328		$	88		$	270		$	175		$	130
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	12,860		$	12,503		$	12,266		$	11,972		$	12,129		$	13,965		$	13,698		$	13,462
Tier II capital		4,076			4,382			4,397			4,112			4,046			4,213			4,379			4,279
Total risk-based capital	$	19,936		$	16,885		$	16,663		$	16,084		$	16,175		$	18,178		$	18,077		$	17,741
Risk-weighted assets	$	105,451		$	104,945		$	102,562		$	100,320		$	99,392		$	100,561		$	98,904		$	98,604
Tier I capital ratio		12.19	%		11.91	%		11.96	%		11.93	%		12.20	%		13.89	%		13.85	%		13.65	%
Total risk-based capital ratio		16.06	%		16.09	%		16.25	%		16.03	%		16.27	%		18.08	%		18.28	%		17.99	%
Tier I leverage ratio		11.31	%		11.10	%		11.08	%		11.03	%		11.21	%		12.79	%		12.54	%		12.24	%
Tier I common equity ratio		9.64	%		9.35	%		9.33	%		9.20	%		8.99	%		7.48	%		7.34	%		7.17	%

(a) Current period regulatory capital data and ratios are estimated.

Page 3

Quarterly Data

	As of
	March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,235		$	2,663		$	2,348		$	2,380		$	2,121		$	2,159		$	2,215		$	2,216
Available-for-sale and other securities		16,093			15,362			16,227			15,502			15,135			15,414			15,975			16,021
Held-to-maturity securities		321			322			337			344			346			353			354			354
Trading securities		195			177			189			217			216			294			320			270
Other short-term investments		1,628			1,781			2,028			1,370			2,481			1,515			3,271			4,322
Total cash and securities		20,472			20,305			21,129			19,813			20,299			19,735			22,135			23,183
Loans held for sale		1,584			2,954			1,840			1,185			1,291			2,216			2,733			2,150
Portfolio loans and leases		82,113			81,018			79,216			77,967			77,465			77,491			76,009			76,232
Total loans and leases		83,697			83,972			81,056			79,152			78,756			79,707			78,742			78,382
Allowance for loan and lease losses		(2,126	)		(2,255	)		(2,439	)		(2,614	)		(2,805	)		(3,004	)		(3,194	)		(3,693	)
Bank premises and equipment		2,485			2,447			2,410			2,395			2,389			2,389			2,377			2,374
Operating lease equipment		495			497			462			492			513			479			470			489
Goodwill		2,417			2,417			2,417			2,417			2,417			2,417			2,417			2,417
Intangible assets		36			40			45			49			55			62			72			83
Servicing rights		767			681			662			847			894			822			599			646
Other real estate owned		383			429			447			488			514			506			504			454
Other assets		8,121			8,434			8,716			7,766			7,453			7,894			8,200			7,690
Total assets	$	116,747		$	116,967		$	114,905		$	110,805		$	110,485		$	111,007		$	112,322		$	112,025
Liabilities
Deposits:
Demand	$	26,385		$	27,600		$	24,547		$	22,589		$	22,066		$	21,413		$	20,109		$	19,256
Interest checking		23,971			20,392			18,616			18,072			18,597			18,560			17,225			17,759
Savings		22,245			21,756			21,673			21,764			21,697			20,903			20,260			19,646
Money market		4,275			4,989			5,448			4,859			5,184			5,035			5,064			4,666
Foreign office		1,251			3,250			3,139			3,271			3,569			3,721			3,807			3,430
Other time		4,446			4,638			5,439			6,399			7,043			7,728			9,379			10,966
Certificates - $100,000 and over		3,162			3,039			3,092			3,642			4,160			4,287			5,515			6,389
Other foreign office		56			46			93			2			1			1			3			3
Total deposits		85,791			85,710			82,047			80,598			82,317			81,648			81,362			82,115
Federal funds purchased		319			346			427			403			332			279			368			240
Other short-term borrowings		2,877			3,239			4,894			2,702			1,297			1,574			1,775			1,556
Other liabilities		4,502			4,739			4,679			4,349			3,792			3,868			3,951			3,424
Long-term debt		9,648			9,682			9,800			10,152			10,555			9,558			10,953			10,989
Total liabilities		103,137			103,716			101,847			98,204			98,293			96,927			98,409			98,324
Equity
Common and preferred equity		13,154			12,795			12,552			12,242			12,025			13,867			13,584			13,395
Net unrealized gains (losses):
Available-for-sale securities		477			484			519			397			277			321			434			432
Qualifying cash flow hedges		84			81			91			68			58			67			73			84
Accumulated other comprehensive income related to employee benefit plans		(93	)		(95	)		(68	)		(69	)		(72	)		(74	)		(75	)		(76	)
Treasury stock, at cost		(62	)		(64	)		(65	)		(66	)		(125	)		(130	)		(132	)		(134	)
Total Bancorp shareholders’ equity		13,560			13,201			13,029			12,572			12,163			14,051			13,884			13,701
Noncontrolling interest		50			50			29			29			29			29			29			—
Total equity		13,610			13,251			13,058			12,601			12,192			14,080			13,913			13,701
Total liabilities and equity	$	116,747		$	116,967		$	114,905		$	110,805		$	110,485		$	111,007		$	112,322		$	112,025
Share Data
Preferred shares outstanding		16,450			16,450			16,450			16,450			16,450			16,451			16,451			16,451
Common shares outstanding, excluding treasury		920,056,340			919,804,436			919,778,512			919,818,137			918,728,008			796,272,522			796,283,198			796,319,712
Treasury shares held		3,836,240			4,088,144			4,114,068			4,074,443			5,164,573			5,231,665			5,220,989			5,184,475

Page 4

Quarterly Data

	Three Months Ended
	March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	83,757		$	82,278		$	80,013		$	79,153		$	79,379		$	79,148		$	78,854		$	78,807
Taxable securities		15,313			15,270			15,790			15,115			15,156			15,367			15,580			16,263
Tax exempt securities		59			58			64			96			197			268			273			343
Other short-term investments		1,363			1,915			2,288			1,981			1,937			2,431			3,456			4,285
Total interest-earning assets		100,492			99,521			98,155			96,345			96,669			97,214			98,163			99,698
Cash and due from banks		2,345			2,418			2,362			2,356			2,268			2,284			2,283			2,163
Other assets		15,734			15,758			15,381			15,298			14,897			15,449			15,088			14,550
Allowance for loan and lease losses		(2,246	)		(2,429	)		(2,603	)		(2,799	)		(2,990	)		(3,089	)		(3,680	)		(3,798	)
Total assets	$	116,325		$	115,268		$	113,295		$	111,200		$	110,844		$	111,858		$	111,854		$	112,613
Liabilities
Interest-bearing liabilities:
Interest checking	$	22,308		$	19,263		$	18,322		$	18,701		$	18,539		$	17,578		$	17,142		$	18,652
Savings		21,944			21,715			21,747			21,817			21,324			20,602			19,905			19,446
Money market		4,543			5,255			5,213			5,009			5,136			4,985			4,940			4,679
Foreign office		2,277			3,325			3,255			3,805			3,580			3,733			3,592			3,325
Other time		4,551			4,960			6,008			6,738			7,363			8,490			10,261			11,336
Certificates - $100,000 and over		3,178			3,085			3,376			3,955			4,226			4,858			6,096			6,354
Other foreign office		19			16			7			2			1			9			4			5
Federal funds purchased		370			348			376			344			310			376			302			264
Other short-term borrowings		3,261			3,793			4,033			1,605			1,638			1,728			1,880			1,478
Long-term debt		9,768			9,707			10,136			10,527			10,255			10,298			10,954			10,876
Total interest-bearing liabilities		72,219			71,467			72,473			72,503			72,372			72,657			75,076			76,415
Demand deposits		26,063			26,069			23,677			22,174			21,582			21,066			19,362			19,406
Other liabilities		4,627			4,536			4,275			4,129			3,809			4,099			3,544			3,229
Total liabilities		102,909			102,072			100,425			98,806			97,763			97,822			97,982			99,050
Equity		13,416			13,196			12,870			12,394			13,081			14,036			13,872			13,563
Total liabilities and equity	$	116,325		$	115,268		$	113,295		$	111,200		$	110,844		$	111,858		$	111,854		$	112,613
Average loans and leases (excluding held for sale)	$	81,500		$	79,914		$	78,620		$	77,937		$	77,636		$	76,236		$	76,617		$	76,973
Average common shares outstanding:
Basic		915,225,816			914,996,543			914,946,545			914,600,600			880,829,800			791,072,308			791,016,740			790,838,716
Diluted		957,415,527			956,348,893			955,490,439			955,477,616			894,841,321			836,224,575			797,492,107			802,254,854

Page 5

Quarterly Data

	Three Months Ended
	March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010
(net of unearned discount)
End of Period Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	32,203		$	30,828		$	29,324		$	28,155		$	27,431		$	27,275		$	26,502		$	26,011
Commercial mortgage		9,976			10,214			10,435			10,331			10,617			10,992			11,333			11,569
Commercial construction		916			1,037			1,239			1,805			2,020			2,111			2,500			3,042
Commercial leases		3,512			3,531			3,368			3,326			3,367			3,378			3,304			3,271
Subtotal - commercial		46,607			45,610			44,366			43,617			43,435			43,756			43,639			43,893
Consumer:
Residential mortgage		12,523			13,474			11,878			10,838			10,556			10,857			9,989			9,672
Home equity		10,493			10,719			10,920			11,048			11,222			11,513			11,774			11,987
Automobile loans		11,832			11,827			11,593			11,315			11,129			10,983			10,738			10,285
Credit card		1,896			1,978			1,878			1,856			1,821			1,896			1,832			1,841
Other consumer loans and leases		346			364			421			478			593			702			770			704
Subtotal - consumer		37,090			38,362			36,690			35,535			35,321			35,951			35,103			34,489
Total loans and leases	$	83,697		$	83,972		$	81,056		$	79,152		$	78,756		$	79,707		$	78,742		$	78,382
(net of unearned discount)
Average Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	31,421		$	29,954		$	28,824		$	27,970		$	27,404		$	26,509		$	26,348		$	26,179
Commercial mortgage		10,077			10,350			10,140			10,491			10,816			11,276			11,462			11,772
Commercial construction		1,008			1,155			1,777			1,950			2,085			2,289			2,955			3,258
Commercial leases		3,543			3,352			3,300			3,349			3,364			3,314			3,257			3,336
Subtotal - commercial		46,049			44,811			44,041			43,760			43,669			43,388			44,022			44,545
Consumer:
Residential mortgage		12,928			12,638			11,224			10,655			10,736			10,693			9,897			9,390
Home equity		10,606			10,810			10,985			11,144			11,376			11,655			11,897			12,102
Automobile loans		11,882			11,696			11,445			11,188			11,070			10,825			10,517			10,170
Credit card		1,926			1,906			1,864			1,834			1,852			1,844			1,838			1,859
Other consumer loans and leases		366			417			454			572			676			743			683			741
Subtotal - consumer		37,708			37,467			35,972			35,393			35,710			35,760			34,832			34,262
Total average loans and leases	$	83,757		$	82,278		$	80,013		$	79,153		$	79,379		$	79,148		$	78,854		$	78,807
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	994		$	1,058		$	1,134		$	1,240		$	1,287		$	1,333		$	1,378		$	2,236
Nonaccrual loans held for sale		110			131			171			147			184			247			680			163
Restructured loans - commercial (non accrual) held for sale		7			7			26			29			32			47			19			4
Restructured loans and leases (non accrual) portfolio		358			380			404			399			358			347			206			294
Other assets, including other real estate owned		321			378			406			449			481			494			498			439
Total nonperforming assets	$	1,790		$	1,954		$	2,141		$	2,264		$	2,342		$	2,468		$	2,781		$	3,136
Ninety days past due loans and leases	$	216		$	200		$	274		$	279		$	266		$	274		$	317		$	397
(non-accrual plus renegotiated)
Nonperforming Loans ($ in millions)
Commercial and industrial loans and leases	$	453		$	499		$	646		$	684		$	652		$	753		$	769		$	800
Commercial mortgage		404			421			513			558			559			581			820			878
Commercial construction loans		131			139			194			187			208			258			371			469
Consumer mortgage and construction		265			275			276			272			261			268			208			435
Other consumer loans and leases		99			104			108			114			181			114			115			115
Total nonperforming loans and leases (including held for sale)	$	1,352		$	1,438		$	1,737		$	1,815		$	1,861		$	1,974		$	2,283		$	2,697
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(253	)	$	(280	)	$	(294	)	$	(343	)	$	(397	)	$	(399	)	$	(992	)	$	(472	)
Recoveries		33			41			32			39			30			43			36			38
Net losses charged off	$	(220	)	$	(239	)	$	(262	)	$	(304	)	$	(367	)	$	(356	)	$	(956	)	$	(434	)

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